Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Posted by Stacy Sanders on Feb 11th, 2025

Shares of Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $11.23. Allspring Utilities and High Income Fund shares last traded at $11.16, with a volume of 47,550 shares.

Allspring Utilities and High Income Fund Stock Up 0.6 %

Allspring Utilities and High Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be issued a $0.0763 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.92 annualized dividend and a yield of 8.20%. This is an increase from Allspring Utilities and High Income Fund’s previous monthly dividend of $0.08.

Institutional Investors Weigh In On Allspring Utilities and High Income Fund

Institutional investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC boosted its position in shares of Allspring Utilities and High Income Fund by 157.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 82,320 shares of the company’s stock valued at $919,000 after purchasing an additional 50,307 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of Allspring Utilities and High Income Fund by 159.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 70,900 shares of the company’s stock valued at $760,000 after purchasing an additional 43,571 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Allspring Utilities and High Income Fund during the 2nd quarter valued at about $92,000.

Allspring Utilities and High Income Fund Company Profile

(Get Free Report)

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.