ERH: Utilities Are Struggling, But This CEF May Work As A Fixed-Income Alternative [Seeking Alpha]
Allspring Utilities and High Income Fund Common Shares (ERH)
NASDAQ:AMEX Investor Relations:
wellsfargofunds.com/ip/products/closed-end-funds/overview.html?accountingid=2lqc&shareclass=closed-end
Company Research
Source: Seeking Alpha
The ERH closed-end fund's performance over the past three years has been disappointing, underperforming the global utilities index. The fund invests in a combination of utilities and junk bonds, with a focus on utility stocks. However, it has recently cut its distribution and has struggled to cover its distributions in the past. The fund appears to have covered its distributions paid so far in the current fiscal year, but it has not reported yet. The fund is trading with an enormous discount on net asset value, but the discount is probably justified given the fund's poor recent performance. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The Allspring Utilities and High Income Fund NYSE: ERH ) is a closed-end fund, or CEF, that investors can employ to receive a high level of current income without having to sacrifice their exposure to the upside potential of a common equi
Show less
Read more
Impact Snapshot
Event Time:
ERH
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ERH alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ERH alerts
High impacting Allspring Utilities and High Income Fund Common Shares news events
Weekly update
A roundup of the hottest topics
ERH
Sec Filings
- 4/25/24 - Form NPORT-P
- 4/19/24 - Form 8-K
- 4/11/24 - Form 3
- ERH's page on the SEC website