Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.43 and traded as high as $12.68. Allspring Utilities and High Income Fund shares last traded at $12.50, with a volume of 34,048 shares traded.

Allspring Utilities and High Income Fund Stock Up 0.1%

The firm’s 50-day moving average price is $12.05 and its two-hundred day moving average price is $11.43.

Allspring Utilities and High Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, October 14th will be paid a $0.0829 dividend. The ex-dividend date is Tuesday, October 14th. This represents a c) annualized dividend and a yield of 8.0%. This is a boost from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08.

Institutional Trading of Allspring Utilities and High Income Fund

Several large investors have recently added to or reduced their stakes in ERH. Blue Bell Private Wealth Management LLC grew its position in Allspring Utilities and High Income Fund by 17.3% in the first quarter. Blue Bell Private Wealth Management LLC now owns 83,163 shares of the company’s stock worth $916,000 after acquiring an additional 12,263 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in Allspring Utilities and High Income Fund in the 1st quarter valued at $232,000. 1607 Capital Partners LLC boosted its holdings in Allspring Utilities and High Income Fund by 1.8% in the 1st quarter. 1607 Capital Partners LLC now owns 366,634 shares of the company’s stock valued at $4,040,000 after purchasing an additional 6,570 shares during the period. Zimmer Partners LP raised its stake in shares of Allspring Utilities and High Income Fund by 145.5% in the 1st quarter. Zimmer Partners LP now owns 128,803 shares of the company’s stock valued at $1,419,000 after buying an additional 76,334 shares in the last quarter. Finally, Level Four Advisory Services LLC raised its stake in shares of Allspring Utilities and High Income Fund by 4.7% in the 2nd quarter. Level Four Advisory Services LLC now owns 20,151 shares of the company’s stock valued at $233,000 after buying an additional 910 shares in the last quarter.

Allspring Utilities and High Income Fund Company Profile

Allspring Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is co-managed by Crow Point Partners, LLC and Wells Capital Management Incorporated. The fund invests in the public equity and fixed income markets of the United States.