Wells Fargo Advantage Income Opportunities Fund (NYSEMKT:EAD) Institutional Investor Positioning

June 17, 2018 - By Darrin Black

Sentiment for Wells Fargo Advantage Income Opportunities Fund (NYSEMKT:EAD)

Wells Fargo Advantage Income Opportunities Fund (NYSEMKT:EAD) institutional sentiment decreased to 0.71 in 2018 Q1. Its down -0.90, from 1.61 in 2017Q4. The ratio worsened, as 22 investment professionals increased and opened new positions, while 31 trimmed and sold stakes in Wells Fargo Advantage Income Opportunities Fund. The investment professionals in our partner’s database now hold: 14.69 million shares, up from 12.69 million shares in 2017Q4. Also, the number of investment professionals holding Wells Fargo Advantage Income Opportunities Fund in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 9 Reduced: 22 Increased: 12 New Position: 10.

It closed at $8.04 lastly. It is up 7.06% since June 17, 2017 and is downtrending. It has underperformed by 19.63% the S&P500.

Trust Asset Management Llc holds 2.23% of its portfolio in Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund for 695,805 shares. Saba Capital Management L.P. owns 4.57 million shares or 2.04% of their US portfolio. Moreover, Shaker Financial Services Llc has 1.07% invested in the company for 274,977 shares. The Idaho-based Selway Asset Management has invested 1.06% in the stock. Rivernorth Capital Management Llc, a Illinois-based fund reported 937,570 shares.

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