Allspring Utilities and High Income Fund·Financial Services
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. It primarily invests in stocks of companies across all market capitalizations operating in utility sector including water, gas, electric, and telecommunications companies. For the fixed income component of its portfolio the fund seeks to invest in non-investment grade securities. Allspring Utilities and High Income Fund was formed on April 28, 2004 and is domiciled in the United States.
Financial Services
Asset Management - Income
2004-04-28
0.87

CHARLOTTE, N.C., March 27, 2026 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), and the Allspring Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $12.23 and traded as high as $12.34. Allspring Utilities and High Income Fund shares last traded at $12.26, with a volume of 7,484

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $12.22 and traded as high as $12.82. Allspring Utilities and High Income Fund shares last traded at $12.77, with a volume of 14,656 shares

CHARLOTTE, N.C., Feb. 24, 2026 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Income Fund (NYSE American: ERC), the Allspring Utilities and High Income Fund (NYSE American: ERH), and the Allspring Global Dividend Opportunity Fund (NYSE: EOD) have each announced a distribution.

Allspring Utilities & High Income Fund remains a buy, trading at a 7.08% discount to NAV with an 8.5% yield. ERH's blended equity and high-yield debt strategy generates attractive income but relies heavily on net realized gains for dividend coverage. Leverage (20.9% of assets) amplifies income and risk; potential rate cuts could improve operating spread and future returns.

Allspring Utilities and High Income Fund (NYSEAMERICAN:ERH - Get Free Report) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 6,797 shares, an increase of 46.7% from the December 31st total of 4,632 shares. Based on an average daily trading volume, of 26,032