Wells Fargo Utilities and High Incm Fund (NYSEAMERICAN:ERH) Share Price Passes Above Two Hundred Day Moving Average of $0.00

Wells Fargo Utilities and High Incm Fund (NYSEAMERICAN:ERH) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $12.99. Wells Fargo Utilities and High Incm Fund shares last traded at $12.99, with a volume of 12,402 shares traded.

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Tuesday, July 14th will be given a dividend of $0.0796 per share. The ex-dividend date is Monday, July 13th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 7.35%.

Several hedge funds and other institutional investors have recently bought and sold shares of ERH. Cambridge Investment Research Advisors Inc. raised its holdings in Wells Fargo Utilities and High Incm Fund by 13.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,769 shares of the company’s stock valued at $226,000 after acquiring an additional 2,386 shares in the last quarter. UBS Group AG raised its holdings in Wells Fargo Utilities and High Incm Fund by 4.7% in the fourth quarter. UBS Group AG now owns 59,917 shares of the company’s stock valued at $837,000 after acquiring an additional 2,685 shares in the last quarter. Finally, Advisor Group Holdings Inc. acquired a new stake in Wells Fargo Utilities and High Incm Fund in the first quarter valued at $197,000.

Wells Fargo Utilities and High Incm Fund Company Profile (NYSEAMERICAN:ERH)

Wells Fargo Advantage Utilities and High Income Fund is a closed-ended balanced mutual fund launched and managed by Wells Fargo Funds Management LLC. It is sub advised 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.

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