Wells Fargo Multi-Sector Income Fund Company Profile (NYSE:ERC)

About Wells Fargo Multi-Sector Income Fund (NYSE:ERC)

Wells Fargo Multi-Sector Income Fund logoWells Fargo Multi-Sector Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. The Fund's portfolio includes agency securities, asset-backed securities, common stocks, corporate bonds and notes, foreign corporate bonds and notes, foreign government bonds, loans, municipal obligations, non-agency mortgage-backed securities and short-term investments. The Fund holds investments in various sectors, such as consumer discretionary, auto components, hotels, restaurants and leisure, media, specialty retail, energy equipment and services, commercial services and supplies, technology hardware and financials. Wells Fargo Funds Management, LLC is the advisor to the Fund, and First International Advisors, LLC and Wells Capital Management Incorporated are sub-advisors to the Fund.

Industry, Sector and Symbol: Average Prices:
  • 50 Day Moving Avg: $13.39
  • 200 Day Moving Avg: $13.37
  • 52 Week Range: $11.79 - $13.65
P/E:
  • Trailing P/E Ratio: N/A
  • P/E Growth: 0.00
Dividend:
  • Dividend Yield: 9.5%
Misc:
  • Average Volume: 154,183 shs.
 

Frequently Asked Questions for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)

What is Wells Fargo Multi-Sector Income Fund's stock symbol?

Wells Fargo Multi-Sector Income Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "ERC."

How often does Wells Fargo Multi-Sector Income Fund pay dividends? What is the dividend yield for Wells Fargo Multi-Sector Income Fund?

Wells Fargo Multi-Sector Income Fund announced a monthly dividend on Thursday, August 17th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.1075 per share on Monday, October 2nd. This represents a $1.29 annualized dividend and a dividend yield of 9.74%. The ex-dividend date is Tuesday, September 12th. This is a positive change from Wells Fargo Multi-Sector Income Fund's previous monthly dividend of $0.11. View Wells Fargo Multi-Sector Income Fund's Dividend History.

Are investors shorting Wells Fargo Multi-Sector Income Fund?

Wells Fargo Multi-Sector Income Fund saw a decrease in short interest in the month of July. As of July 14th, there was short interest totalling 30,150 shares, a decrease of 67.6% from the June 30th total of 93,104 shares. Based on an average daily volume of 142,348 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company's stock are short sold.

Who are some of Wells Fargo Multi-Sector Income Fund's key competitors?

Who are Wells Fargo Multi-Sector Income Fund's key executives?

Wells Fargo Multi-Sector Income Fund's management team includes the folowing people:

  • Peter G. Gordon, Independent Chairman of the Board of Trustees
  • Karla M. Rabusch, President
  • Michael Whitaker, Chief Compliance Officer
  • Jeremy M. DePalma, Treasurer
  • David Berardi, Assistant Treasurer
  • C. David Messman, Secretary, Chief Legal Officer
  • William Robert Ebsworth, Independent Trustee
  • Jane A. Freeman, Independent Trustee
  • Isaiah Harris Jr., Independent Trustee
  • Judith M. Johnson, Independent Trustee

Who owns Wells Fargo Multi-Sector Income Fund stock?

Wells Fargo Multi-Sector Income Fund's stock is owned by a variety of of institutional and retail investors. Top institutional investors include SABA CAPITAL MANAGEMENT, L.P. (9.69%), Royal Bank of Canada (0.00%), Laurion Capital Management LP (1.00%), Nwam LLC (0.00%), Kovitz Investment Group Partners LLC (0.00%) and Ameriprise Financial Inc. (0.29%). View Institutional Ownership Trends for Wells Fargo Multi-Sector Income Fund.

Who sold Wells Fargo Multi-Sector Income Fund stock? Who is selling Wells Fargo Multi-Sector Income Fund stock?

Wells Fargo Multi-Sector Income Fund's stock was sold by a variety of institutional investors in the last quarter, including City of London Investment Management Co. Ltd., Kovitz Investment Group Partners LLC, Selway Asset Management, Nwam LLC, Doliver Capital Advisors LP, Cue Financial Group Inc., Susquehanna International Group LLP and Apollo Management Holdings L.P.. View Insider Buying and Selling for Wells Fargo Multi-Sector Income Fund.

Who bought Wells Fargo Multi-Sector Income Fund stock? Who is buying Wells Fargo Multi-Sector Income Fund stock?

Wells Fargo Multi-Sector Income Fund's stock was bought by a variety of institutional investors in the last quarter, including Laurion Capital Management LP, Ameriprise Financial Inc., Royal Bank of Canada, Shaker Financial Services LLC, Oppenheimer & Co. Inc., Sheaff Brock Investment Advisors LLC, Advisor Group Inc. and Aviance Capital Partners LLC. View Insider Buying and Selling for Wells Fargo Multi-Sector Income Fund.

How do I buy Wells Fargo Multi-Sector Income Fund stock?

Shares of Wells Fargo Multi-Sector Income Fund can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Wells Fargo Multi-Sector Income Fund's stock price today?

One share of Wells Fargo Multi-Sector Income Fund stock can currently be purchased for approximately $13.25.


MarketBeat Community Rating for Wells Fargo Multi-Sector Income Fund (NYSE ERC)
Community Ranking:  2.1 out of 5 ( )
Outperform Votes:  12 (Vote Outperform)
Underperform Votes:  16 (Vote Underperform)
Total Votes:  28
MarketBeat's community ratings are surveys of what our community members think about Wells Fargo Multi-Sector Income Fund and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Wells Fargo Multi-Sector Income Fund (NYSE:ERC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: No ratings tracked in the last 12 months.
Consensus Rating:N/A (Score: NaN)
Consensus Price Target: N/A

Analysts' Ratings History for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Show:
No equities research coverage for this company has been tracked by MarketBeat.com

Earnings

Earnings History for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
No earnings announcements for this company have been tracked by MarketBeat.com

Estimates

Earnings Estimates for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)

No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Current Dividend Information for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Next Dividend:10/2/2017
Annual Dividend:$1.29
Dividend Yield:9.74%
Dividend Growth:-1.90% (3 Year Average)
Payout Ratio:
Dividend Payments by Quarter for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)

Dividend History by Quarter for Wells Fargo Multi-Sector Income Fund (NYSE ERC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/17/2017monthly$0.119.77%9/12/20179/13/201710/2/2017
7/31/2017monthly$0.119.47%8/11/20178/15/20179/1/2017
7/3/2017monthly$0.119.5%7/13/20177/17/20178/1/2017
5/22/2017monthly$0.119.54%6/12/20176/14/20177/3/2017
5/1/2017monthly$0.119.36%5/16/20175/18/20176/1/2017
4/13/2017monthly$0.119.46%4/13/20174/18/20175/1/2017
3/2/2017monthly$0.109.28%3/13/20173/15/20174/3/2017
1/30/2017monthly$0.109.45%2/13/20172/15/20173/1/2017
1/3/2017monthly$0.098.59%1/12/20171/17/20172/1/2017
11/17/2016monthly$0.099.15%12/12/201612/14/20161/3/2017
10/31/2016monthly$0.098.75%11/14/201611/16/201612/1/2016
10/3/2016monthly$0.098.48%10/13/201610/17/201611/1/2016
8/11/2016monthly$0.098.52%9/12/20169/14/201610/3/2016
8/1/2016monthly$0.098.65%8/11/20168/15/20169/1/2016
6/27/2016monthly$0.099%7/11/20167/13/20168/1/2016
5/26/2016monthly$0.098.95%6/13/20166/15/20167/1/2016
5/2/2016monthly$0.109.28%5/12/20165/16/20166/1/2016
3/25/2016monthly$0.109.58%4/11/20164/13/20165/2/2016
6/29/2015monthly$0.109.17%7/13/20157/15/20158/3/2015
5/22/2015monthly$0.108.72%6/11/20156/15/20157/1/2015
4/27/2015monthly$0.108.59%5/11/20155/13/20156/1/2015
3/30/2015monthly$0.108.6%4/13/20154/15/20155/1/2015
2/20/2015monthly$0.108.6%3/12/20153/16/20154/1/2015
2/2/2015monthly$0.108.55%2/11/20152/13/20153/2/2015
12/29/2014monthly$0.108.49%1/12/20151/14/20152/2/2015
11/10/2014monthly$0.108.19%11/19/201411/21/20141/2/2015
11/4/2014monthly$0.108.43%11/13/201411/17/201412/1/2014
9/29/2014monthly$0.108.58%10/14/201410/16/201411/3/2014
8/14/2014monthly$0.108.29%9/11/20149/15/201410/1/2014
7/28/2014monthly$0.108.05%8/11/20148/13/20149/2/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Insider Trades by Quarter for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Institutional Ownership by Quarter for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Insider Trades by Quarter for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/19/2017Saba Capital Management, L.P.Major ShareholderSell95,626$13.45$1,286,169.70View SEC Filing  
6/14/2017Saba Capital Management, L.P.Major ShareholderSell10,028$13.46$134,976.88View SEC Filing  
6/12/2017Saba Capital Management, L.P.Major ShareholderSell9,299$13.48$125,350.52View SEC Filing  
6/8/2017Saba Capital Management, L.P.Major ShareholderSell10,724$13.53$145,095.72View SEC Filing  
6/6/2017Saba Capital Management, L.P.Major ShareholderSell23,300$13.52$315,016.00View SEC Filing  
5/25/2017Saba Capital Management, L.P.Major ShareholderSell4,424$13.40$59,281.60View SEC Filing  
5/24/2017Saba Capital Management, L.P.Major ShareholderSell28,714$13.37$383,906.18View SEC Filing  
5/22/2017Saba Capital Management, L.P.Major ShareholderSell24,348$13.36$325,289.28View SEC Filing  
5/18/2017Saba Capital Management, L.P.Major ShareholderSell20,903$13.40$280,100.20View SEC Filing  
5/16/2017Saba Capital Management, L.P.Major ShareholderSell2,008,974$14.15$28,426,982.10View SEC Filing  
5/12/2017Saba Capital Management, L.P.Major ShareholderSell142,076$13.49$1,916,605.24View SEC Filing  
5/10/2017Saba Capital Management, L.P.Major ShareholderSell17,481$13.55$236,867.55View SEC Filing  
5/8/2017Saba Capital Management, L.P.Major ShareholderSell60,033$13.51$811,045.83View SEC Filing  
5/4/2017Saba Capital Management, L.P.Major ShareholderSell53,300$13.57$723,281.00View SEC Filing  
5/2/2017Saba Capital Management, L.P.Major ShareholderSell61,326$13.56$831,580.56View SEC Filing  
10/25/2016Saba Capital Management, L.P.Major ShareholderBuy9,037$12.95$117,029.15View SEC Filing  
10/24/2016Saba Capital Management, L.P.Major ShareholderBuy46,214$12.95$598,471.30View SEC Filing  
8/12/2016Saba Capital Management, L.P.Major ShareholderBuy72,991$12.99$948,153.09View SEC Filing  
8/9/2016Saba Capital Management, L.P.Major ShareholderBuy70,567$12.90$910,314.30View SEC Filing  
7/13/2016Saba Capital Management, L.P.Major ShareholderBuy22,100$12.78$282,438.00View SEC Filing  
6/10/2016Saba Capital Management, L.P.Major ShareholderBuy3,283$12.65$41,529.95View SEC Filing  
6/3/2016Saba Capital Management, L.P.Major ShareholderBuy18,892$12.46$235,394.32View SEC Filing  
5/27/2016Saba Capital Management, L.P.Major ShareholderBuy10,698$12.38$132,441.24View SEC Filing  
5/9/2016Saba Capital Management, L.P.Major ShareholderBuy10,000$12.35$123,500.00View SEC Filing  
4/22/2016Saba Capital Management, L.P.Major ShareholderBuy154,300$12.33$1,902,519.00View SEC Filing  
4/20/2016Saba Capital Management, L.P.Major ShareholderBuy177,110$12.29$2,176,681.90View SEC Filing  
4/18/2016Saba Capital Management, L.P.Major ShareholderBuy33,450$12.09$404,410.50View SEC Filing  
4/14/2016Saba Capital Management, L.P.Major ShareholderBuy28,749$12.02$345,562.98View SEC Filing  
4/8/2016Saba Capital Management, L.P.Major ShareholderBuy23,700$12.10$286,770.00View SEC Filing  
4/7/2016Saba Capital Management, L.P.Major ShareholderBuy15,850$12.04$190,834.00View SEC Filing  
4/5/2016Saba Capital Management, L.P.Major ShareholderBuy29,351$12.07$354,266.57View SEC Filing  
4/1/2016Saba Capital Management, L.P.Major ShareholderBuy64,037$12.19$780,611.03View SEC Filing  
3/30/2016Saba Capital Management, L.P.Major ShareholderBuy400$12.02$4,808.00View SEC Filing  
3/22/2016Saba Capital Management, L.P.Major ShareholderBuy11,600$12.09$140,244.00View SEC Filing  
3/21/2016Saba Capital Management, L.P.Major ShareholderBuy139,413$11.98$1,670,167.74View SEC Filing  
3/8/2016Saba Capital Management, L.P.Major ShareholderBuy1,200$11.66$13,992.00View SEC Filing  
3/7/2016Saba Capital Management, L.P.Major ShareholderBuy93,457$11.67$1,090,643.19View SEC Filing  
3/3/2016Saba Capital Management, L.P.Major ShareholderBuy25,967$11.50$298,620.50View SEC Filing  
3/1/2016Saba Capital Management, L.P.Major ShareholderBuy136,820$11.41$1,561,116.20View SEC Filing  
2/26/2016Saba Capital Management, L.P.Major ShareholderBuy60,153$11.21$674,315.13View SEC Filing  
2/24/2016Saba Capital Management, L.P.Major ShareholderBuy264,770$11.13$2,946,890.10View SEC Filing  
2/19/2016Saba Capital Management, L.P.Major ShareholderBuy76,713$10.94$839,240.22View SEC Filing  
2/17/2016Saba Capital Management, L.P.Major ShareholderBuy338,580$10.90$3,690,522.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Latest Headlines for Wells Fargo Multi-Sector Income Fund (NYSE:ERC)
Source:
DateHeadline
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (ERC) Raises Dividend to $0.11 Per Share
www.americanbankingnews.com - August 17 at 6:28 PM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (NYSE:ERC) to Issue Dividend Increase - $0.11 Per Share
www.americanbankingnews.com - July 31 at 5:47 PM
americanbankingnews.com logoShort Interest in Wells Fargo Multi-Sector Income Fund (NYSE:ERC) Decreases By 67.6%
www.americanbankingnews.com - July 26 at 7:02 AM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (NYSE:ERC) Short Interest Update
www.americanbankingnews.com - July 12 at 6:24 PM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (NYSE:ERC) Raises Dividend to $0.11 Per Share
www.americanbankingnews.com - July 3 at 6:40 PM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (ERC) Short Interest Down 53.1% in June
www.americanbankingnews.com - June 27 at 7:12 AM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (ERC) Declares Monthly Dividend of $0.11
www.americanbankingnews.com - May 22 at 5:56 PM
finance.yahoo.com logoPortfolio Management Change for the Wells Fargo Multi-Sector Income Fund
finance.yahoo.com - May 22 at 4:43 PM
finance.yahoo.com logoWells Fargo Multi-Sector Income Fund Announces Final Results of Tender Offer
finance.yahoo.com - May 12 at 5:31 PM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (ERC) to Issue Monthly Dividend of $0.11
www.americanbankingnews.com - May 1 at 9:22 PM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (ERC) Getting Somewhat Critical Press Coverage, AlphaOne Reports
www.americanbankingnews.com - May 1 at 11:20 AM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (ERC) Getting Somewhat Critical News Coverage, Report Finds
www.americanbankingnews.com - April 26 at 11:12 AM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (ERC) Given Daily Media Impact Rating of -0.22
www.americanbankingnews.com - April 16 at 9:10 AM
americanbankingnews.com logoWells Fargo Multi-Sector Income Fund (ERC) Increases Dividend to $0.11 Per Share
www.americanbankingnews.com - April 13 at 6:18 PM
finance.yahoo.com logoWells Fargo Multi-Sector Income Fund Announces Commencement of Tender Offer
finance.yahoo.com - April 13 at 4:57 PM
finance.yahoo.com logoWELLS FARGO MULTI-SECTOR INCOME FUND Financials
finance.yahoo.com - November 29 at 5:27 PM
finance.yahoo.com logoWells Fargo Multi-Sector Income Fund Announces Tender Offer and Managed Distribution Plan
finance.yahoo.com - November 23 at 9:07 AM
finance.yahoo.com logoWells Fargo Advantage Multi-Sector Income Fund (ERC)
finance.yahoo.com - October 30 at 9:34 AM
seekingalpha.com logo2 CEFs For The 7% $100,000 Portfolio: BlackRock Limited Duration Income Trust And Eaton Vance Limited Duration Income Fund
seekingalpha.com - August 28 at 9:22 AM
seekingalpha.com logoWells Fargo Advantage Multi-Sector Income Fund declares $0.0923 dividend
seekingalpha.com - June 28 at 9:53 PM
seekingalpha.com logoINSIDERINSIGHTS.COM DAILY ROUND UP 4 : Summit Midstream, RVUE, Wells Fargo Multi..
seekingalpha.com - April 22 at 7:11 PM
nasdaq.com logoWells Fargo Multi-Sector Income Fund (ERC) Ex-Dividend Date Scheduled
www.nasdaq.com - April 8 at 7:24 PM
seekingalpha.com logoWells Fargo Advantage Multi-Sector Income Fund declares $0.0967 dividend
seekingalpha.com - February 19 at 10:14 AM
finance.yahoo.com logoWells Fargo Closed-End Funds Declare Monthly and Quarterly Dividends; Wells Fargo Global Dividend Opportunity Fund Reduces Dividend
finance.yahoo.com - February 18 at 6:50 PM
fool.com logoThe 10 Biggest Banks in America (4Q15)
www.fool.com - January 27 at 11:00 AM
fool.com logo3 Top Stocks for Retirees to Buy
www.fool.com - January 27 at 8:04 AM
bizjournals.com logoStep aside GE and Amazon, Wells Fargo's John Stumpf takes the prize
www.bizjournals.com - January 26 at 5:52 PM
fool.com logo2 Great Bank Stocks Selling for a Deep Discount
www.fool.com - January 25 at 12:07 PM
finance.yahoo.com logoHow the Stock Market Reacted to Wells Fargo’s 4Q15 Earnings
finance.yahoo.com - January 25 at 9:06 AM
finance.yahoo.com logo3 Dividend Stocks To Buy Now And Hold Forever
finance.yahoo.com - January 23 at 6:09 AM
finance.yahoo.com logoHow Global Weakness Drags down Wells Fargo’s Profitability in 4Q15
finance.yahoo.com - January 20 at 9:06 PM
usatoday.com logoWells Fargo ekes out small profit growth
www.usatoday.com - January 15 at 8:54 AM
thestreet.com logoWells Fargo Beats Estimates as Interest Rates Climb
www.thestreet.com - January 15 at 8:48 AM
thestreet.com logoObama's America in 2016 -- Heaven, Hell or Purgatory for Investors?
www.thestreet.com - January 13 at 12:43 PM
thestreet.com logoJim Cramer Loves Wells Fargo and You Should, Too
www.thestreet.com - January 13 at 5:57 AM
barrons.com logo[$$] Wells Fargo Looks Cheap As Analysts Boost Ratings
www.barrons.com - January 12 at 2:37 PM

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Wells Fargo Multi-Sector Income Fund (ERC) Chart for Saturday, August, 19, 2017

This page was last updated on 8/19/2017 by MarketBeat.com Staff