NYSEAMERICAN:ERCWells Fargo Advantage Multi-Sector Income Fund Stock Price, Forecast & News

$9.40

+0.45 (+5.03 %)

(As of 04/7/2020 04:00 PM ET)

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Today's Range

$9.04

Now: $9.40▼

$9.50

50-Day Range N/A

52-Week Range

$6.94

Now: $9.40▼

$13.35

Volume233,500 shs

Average Volume202,275 shs

Market CapitalizationN/A

P/E RatioN/A

Dividend Yield0.11%

BetaN/A

Wells Fargo Advantage Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc. and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds. It was formerly known as Evergreen Multi-Sector Income Fund. Wells Fargo Advantage Multi-Sector Income Fund was formed on June 25, 2003 and is domiciled in the United States.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Wells Fargo Advantage Multi-Sector Income Fund.

1.6 Community Rank

Outperform Votes
Wells Fargo Advantage Multi-Sector Income Fund has received 62 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Wells Fargo Advantage Multi-Sector Income Fund has received 138 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Wells Fargo Advantage Multi-Sector Income Fund has received 69.00% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Wells Fargo Advantage Multi-Sector Income Fund and other stocks. Vote “Outperform” if you believe ERC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ERC will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Wells Fargo Advantage Multi-Sector Income Fund is a leading dividend payer. It pays a dividend yield of 0.11%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Wells Fargo Advantage Multi-Sector Income Fund does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Wells Fargo Advantage Multi-Sector Income Fund insiders have not sold or bought any company stock.

0.0 Earnings and Valuation

Overall Beat the Market Rank^™

0.65 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSEAMERICAN

Industry Asset Management

Sub-IndustryN/A

SectorFinancial Services

Current SymbolNYSEAMERICAN:ERC

Previous SymbolNYSE:ERC

CUSIPN/A

CIKN/A

Webhttp://www.wellsfargoadvantagefunds.com/

Phone+1-800-2228222

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesN/A

Price / SalesN/A

Cash FlowN/A

Price / Cash FlowN/A

Book ValueN/A

Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

EmployeesN/A

Outstanding SharesN/A

Market CapN/A

Next Earnings DateN/A

OptionableNot Optionable

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Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN:ERC) Frequently Asked Questions

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

Wells Fargo Advantage Multi-Sector Income Fund announced a monthly dividend on Tuesday, March 31st. Stockholders of record on Tuesday, April 14th will be paid a dividend of $0.0994 per share on Friday, May 1st. This represents a $1.19 annualized dividend and a dividend yield of 12.68%. The ex-dividend date of this dividend is Monday, April 13th. View Wells Fargo Advantage Multi-Sector Income Fund's dividend history.

Has Wells Fargo Advantage Multi-Sector Income Fund been receiving favorable news coverage?

News headlines about ERC stock have been trending very negative on Tuesday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Wells Fargo Advantage Multi-Sector Income Fund earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutWells Fargo Advantage Multi-Sector Income Fund.

Are investors shorting Wells Fargo Advantage Multi-Sector Income Fund?

Wells Fargo Advantage Multi-Sector Income Fund saw a decrease in short interest during the month of March. As of March 13th, there was short interest totaling 16,800 shares, a decrease of 9.7% from the February 27th total of 18,600 shares. Based on an average trading volume of 154,100 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company's stock are sold short. View Wells Fargo Advantage Multi-Sector Income Fund's Current Options Chain.

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

Some companies that are related to Wells Fargo Advantage Multi-Sector Income Fund include 1ST TR ENERGY I/SH (FIF), 3i Group (TGOPF), Aberdeen Australia Equity Fund (IAF), Ackermans & van Haaren (ACKB), Advent Claymore Convertible Sec & Inc Fd (AVK), Allianzgi Diversified Incm and Cnvrtb Fd (ACV), AllianzGI Equity & Convertible Income FD (NIE), Alpine Global Premier Properties Fund (AWP), Alternative Invest Ordinary Units FP (AIQ), Amedeo Resources (AMED), Amundi (AMDUF), Apollo Senior Floating Rate Fund (AFT), Azimut (AZIHF), Bankinter (BKT) and Barings Global Short Duratin Hgh Yld Fnd (BGH).

What other stocks do shareholders of Wells Fargo Advantage Multi-Sector Income Fund own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Wells Fargo Advantage Multi-Sector Income Fund investors own include Ford Motor (F), GAMCO Global Gold Ntrl Rsrcs & Incm Trst (GGN), Wells Fargo Advantage Income Opportunities Fund (EAD), AGNC Investment (AGNC), Ares Capital (ARCC), Global Blood Therapeutics (GBT), BlackRock TCP Capital (TCPC), TherapeuticsMD (TXMD), Ladder Capital (LADR) and Two Harbors Investment (TWO).

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

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

Ms. Debra Ann Early CPA, Sr. VP and Head of Risk & Compliance (Age 55)
Mr. Clark David Messman J.D., Sr. VP, Sec., Chief Legal Officer, and Director (Age 59)
Mr. Jeremy DePalma, Treasurer (Age 45)
Mr. Michael Howard Koonce, Sr. VP of Evergreen Investment Svcs Inc and Gen. Counsel of Evergreen Investment Svcs Inc (Age 59)
Ms. Lauren Frances Van Biljon, Portfolio Mang.

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

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

How do I buy shares of Wells Fargo Advantage Multi-Sector Income Fund?

Shares of ERC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

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

One share of ERC stock can currently be purchased for approximately $9.40.

What is Wells Fargo Advantage Multi-Sector Income Fund's official website?

The official website for Wells Fargo Advantage Multi-Sector Income Fund is http://www.wellsfargoadvantagefunds.com/.

How can I contact Wells Fargo Advantage Multi-Sector Income Fund?

Wells Fargo Advantage Multi-Sector Income Fund's mailing address is 525 Market St, SAN FRANCISCO, CA 94105-2708, United States. The company can be reached via phone at +1-800-2228222.

This page was last updated on 4/7/2020 by MarketBeat.com Staff

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