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

$9.53
-0.06 (-0.63 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$9.23
Now: $9.53
$9.61
50-Day Range N/A
52-Week Range
$6.94
Now: $9.53
$13.35
Volume128,992 shs
Average Volume202,432 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.
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Industry, Sector and Symbol

Stock Exchange NYSEAMERICAN
Industry Asset Management
Sub-IndustryN/A
SectorFinancial Services
Current SymbolNYSEAMERICAN:ERC
CUSIPN/A
CIKN/A
Phone+1-800-2228222

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/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 declared a monthly dividend on Monday, February 24th. Shareholders of record on Friday, March 13th will be given a dividend of $0.0994 per share on Wednesday, April 1st. This represents a $1.19 annualized dividend and a yield of 12.51%. The ex-dividend date is Thursday, March 12th. This is an increase from Wells Fargo Advantage Multi-Sector Income Fund's previous monthly dividend of $0.10. View Wells Fargo Advantage Multi-Sector Income Fund's dividend history.

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

Press coverage about ERC stock has trended extremely negative recently, InfoTrie reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Wells Fargo Advantage Multi-Sector Income Fund earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. 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 drop in short interest in the month of March. As of March 13th, there was short interest totaling 16,800 shares, a drop of 9.7% from the February 27th total of 18,600 shares. Based on an average trading volume of 154,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company's stock are short sold. 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?

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

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."

Who are Wells Fargo Advantage Multi-Sector Income Fund's major shareholders?

Wells Fargo Advantage Multi-Sector Income Fund's stock is owned by a number of institutional and retail investors. Top institutional investors include UBS Group AG (0.00%), Ladenburg Thalmann Financial Services Inc. (0.00%), Raymond James & Associates (0.00%), Cohen & Steers Inc. (0.00%), Guggenheim Capital LLC (0.00%) and Stifel Financial Corp (0.00%). View institutional ownership trends for Wells Fargo Advantage Multi-Sector Income Fund.

Which institutional investors are selling Wells Fargo Advantage Multi-Sector Income Fund stock?

ERC stock was sold by a variety of institutional investors in the last quarter, including Landscape Capital Management L.L.C., Cohen & Steers Inc., Shaker Financial Services LLC, Guggenheim Capital LLC, First Foundation Advisors, Sheaff Brock Investment Advisors LLC, Mid Atlantic Financial Management Inc. ADV, and Selway Asset Management. View insider buying and selling activity for Wells Fargo Advantage Multi-Sector Income Fund.

Which institutional investors are buying Wells Fargo Advantage Multi-Sector Income Fund stock?

ERC stock was acquired by a variety of institutional investors in the last quarter, including Ladenburg Thalmann Financial Services Inc., Raymond James & Associates, SeaCrest Wealth Management LLC, Janney Montgomery Scott LLC, Stifel Financial Corp, Dynamic Advisor Solutions LLC, Bank of America Corp DE, and Advisors Asset Management Inc.. View insider buying and selling activity for Wells Fargo Advantage Multi-Sector Income Fund.

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 $9.53.

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.


MarketBeat Community Rating for Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN ERC)

Community Ranking:  1.6 out of 5 (star half star)
Outperform Votes:  62 (Thanks for Voting!)
Underperform Votes:  138 (Thanks for Voting!)
Total Votes:  200
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.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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