Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Shares Cross Above 50-Day Moving Average of $0.00

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.00 and traded as high as $6.65. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.65, with a volume of 153,327 shares.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Trading Up 0.8 %

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be paid a $0.0519 dividend. The ex-dividend date is Friday, May 10th. This represents a $0.62 annualized dividend and a dividend yield of 9.37%.

Institutional Trading of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Partners II LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the 3rd quarter worth approximately $701,000. UBS Group AG raised its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.6% during the 3rd quarter. UBS Group AG now owns 336,704 shares of the closed-end fund’s stock valued at $2,054,000 after purchasing an additional 11,807 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 53.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 202,124 shares of the closed-end fund’s stock valued at $1,233,000 after buying an additional 70,486 shares in the last quarter. AQR Arbitrage LLC increased its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 213.5% in the 3rd quarter. AQR Arbitrage LLC now owns 478,611 shares of the closed-end fund’s stock worth $2,920,000 after buying an additional 325,952 shares in the last quarter. Finally, NBC Securities Inc. raised its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 107.8% during the fourth quarter. NBC Securities Inc. now owns 7,325 shares of the closed-end fund’s stock valued at $47,000 after acquiring an additional 3,800 shares during the period.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc or BB or lower by Standard & Poor's Ratings Group.