Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Shares Up 0.3% – Should You Buy?

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD)’s share price was up 0.3% during trading on Thursday . The stock traded as high as $7.04 and last traded at $7.04. Approximately 168,109 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 168,231 shares. The stock had previously closed at $7.02.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Price Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.0531 per share. This is a positive change from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. This represents a $0.64 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date is Thursday, December 12th.

Hedge Funds Weigh In On Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Pathstone Holdings LLC increased its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 54.9% in the 3rd quarter. Pathstone Holdings LLC now owns 1,279,130 shares of the closed-end fund’s stock worth $9,121,000 after buying an additional 453,308 shares in the last quarter. Shaker Financial Services LLC raised its holdings in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 0.6% during the third quarter. Shaker Financial Services LLC now owns 622,241 shares of the closed-end fund’s stock valued at $4,469,000 after purchasing an additional 3,429 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 7.8% during the second quarter. Envestnet Asset Management Inc. now owns 338,533 shares of the closed-end fund’s stock valued at $2,241,000 after purchasing an additional 24,547 shares during the period. Park Avenue Securities LLC boosted its holdings in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 1.4% in the second quarter. Park Avenue Securities LLC now owns 177,451 shares of the closed-end fund’s stock worth $1,175,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Choreo LLC bought a new stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund in the 2nd quarter worth approximately $150,000.

About Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

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.