Wells Fargo Advantage Income Opportunities Fund (NYSEAMERICAN:EAD) Stock Price Passes Below 50 Day Moving Average of $0.00

Wells Fargo Advantage Income Opportunities Fund (NYSEAMERICAN:EAD)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.00 and traded as low as $8.30. Wells Fargo Advantage Income Opportunities Fund shares last traded at $8.30, with a volume of 2,815 shares changing hands.

Several hedge funds and other institutional investors have recently bought and sold shares of EAD. Capital Investment Advisors LLC boosted its holdings in Wells Fargo Advantage Income Opportunities Fund by 5.6% in the second quarter. Capital Investment Advisors LLC now owns 35,608 shares of the closed-end fund’s stock worth $293,000 after purchasing an additional 1,894 shares in the last quarter. Nwam LLC bought a new stake in Wells Fargo Advantage Income Opportunities Fund in the second quarter worth $96,000. Commonwealth Equity Services LLC boosted its holdings in Wells Fargo Advantage Income Opportunities Fund by 14.9% in the second quarter. Commonwealth Equity Services LLC now owns 29,602 shares of the closed-end fund’s stock worth $243,000 after purchasing an additional 3,833 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Wells Fargo Advantage Income Opportunities Fund by 7.9% in the second quarter. Park Avenue Securities LLC now owns 46,439 shares of the closed-end fund’s stock worth $383,000 after purchasing an additional 3,405 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Wells Fargo Advantage Income Opportunities Fund by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 40,306 shares of the closed-end fund’s stock worth $332,000 after purchasing an additional 3,980 shares in the last quarter.

About Wells Fargo Advantage Income Opportunities Fund (NYSEAMERICAN:EAD)

Wells Fargo Advantage Funds – Wells Fargo 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.

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