Allspring Utilities and High Income Fund (ERH)
Allspring Utilities and High Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Charlotte, NC, US. The stock last traded at $11.66, up 0.09% on the session, giving a market capitalisation of $103.0M. On trailing twelve-month figures it carries a trailing P/E of 4.66, a net margin of 285.6%. Its beta of 0.79 implies it has historically moved less than the broad market.
The Allspring Utilities and High Income Fund functions as a closed-end, balanced mutual fund, principally managed by Wells Fargo Funds Management LLC. Joint management is also provided by Crow Point Partners, LLC and Wells Capital Management Incorporated. This fund strategically deploys capital in both the public stock and bond markets across the United States. Its equity holdings predominantly comprise shares of utility sector enterprises, such as water, gas, electric, and telecommunications companies, irrespective of their market capitalization. Within its fixed income segment, the fund specifically targets high-yield, non-investment grade debt instruments. Launched on April 28, 2004, the fund is domiciled in the United States.
Allspring Utilities and High Income Fund is most often compared with the following Financial Services names: