Equities

Allspring Utilities and High Income Fund

Allspring Utilities and High Income Fund

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FinancialsClosed End Investments
  • Price (USD)9.23
  • Today's Change-0.03 / -0.32%
  • Shares traded27.15k
  • 1 Year change-11.84%
  • Beta0.8706
Data delayed at least 15 minutes, as of Apr 26 2024 21:10 BST.
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About the company

Allspring Utilities and High Income Fund (the Fund) is a closed-end management investment fund. The Fund seeks a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. The Fund’s investment objective is a fundamental policy and may not be changed without the approval of a majority of the outstanding voting securities. The Fund allocates its assets between two separate investment strategies, or sleeves. Under normal market conditions, the Fund allocates approximately 70% of its total assets to an investment strategy that focuses on common, preferred and convertible preferred stocks of utility companies (equity sleeve). The Fund may invest this portion of assets in companies across all market capitalizations. The Fund invests in a portfolio of sectors, which include utilities, communications, energy, financials, industrials and technology. Allspring Funds Management, LLC is an investment advisor of the Fund.

  • Revenue in USD (TTM)--
  • Net income in USD--
  • Incorporated2004
  • Employees--
  • Location
    Allspring Utilities and High Income Fund1415 VANTAGE PARK DRIVE, 3RD FLOORCHARLOTTE 28203United StatesUSA
  • Phone+1 (857) 776-4824
  • Fax+1 (302) 655-5049
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Institutional shareholders

14.25%Per cent of shares held by top holders
HolderShares% Held
1607 Capital Partners LLCas of 31 Dec 2023445.06k4.79%
Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Dec 2023265.00k2.85%
Axxcess Wealth Management LLCas of 31 Dec 2023255.79k2.75%
Cornerstone Advisors LLC (North Carolina)as of 31 Dec 2023108.65k1.17%
Wolverine Asset Management LLCas of 31 Dec 202354.77k0.59%
Principal Securities, Inc.as of 31 Dec 202346.16k0.50%
Robinson Capital Management LLCas of 31 Dec 202344.64k0.48%
Saba Capital Management LPas of 31 Dec 202344.11k0.48%
Landscape Capital Management LLCas of 31 Dec 202335.16k0.38%
Stifel Nicolaus & Co., Inc. (Investment Management)as of 31 Dec 202325.10k0.27%
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Data from 31 Dec 2023 - 31 Dec 2023Source: FactSet Research Systems Inc.
Data Provided by LSEG
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