Wells Fargo Advantage Income Opportunities Fund (NYSEAMERICAN:EAD) shares were up 8.8% on Tuesday . The stock traded as high as $5.57 and last traded at $5.42, approximately 1,176,800 shares were traded during trading. An increase of 160% from the average daily volume of 452,812 shares. The stock had previously closed at $4.98.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $0.0596 per share. This is an increase from Wells Fargo Advantage Income Opportunities Fund’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.72 annualized dividend and a dividend yield of 12.12%.

Large investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC grew its holdings in shares of Wells Fargo Advantage Income Opportunities Fund by 3.3% during the third quarter. Parametric Portfolio Associates LLC now owns 1,581,766 shares of the closed-end fund’s stock worth $13,034,000 after purchasing an additional 50,037 shares in the last quarter. Penserra Capital Management LLC bought a new stake in Wells Fargo Advantage Income Opportunities Fund in the fourth quarter valued at approximately $8,618,000. Shaker Financial Services LLC bought a new stake in Wells Fargo Advantage Income Opportunities Fund in the fourth quarter valued at approximately $1,606,000. Park Avenue Securities LLC lifted its position in Wells Fargo Advantage Income Opportunities Fund by 24.2% in the fourth quarter. Park Avenue Securities LLC now owns 64,457 shares of the closed-end fund’s stock valued at $543,000 after purchasing an additional 12,541 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Wells Fargo Advantage Income Opportunities Fund by 17.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 55,411 shares of the closed-end fund’s stock valued at $467,000 after purchasing an additional 8,040 shares during 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.

Recommended Story: Cash Asset Ratio

Receive News & Ratings for Wells Fargo Advantage Income Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo Advantage Income Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.