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

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$11.97 -0.01 (-0.08 %)
(As of 02/21/2019 05:19 AM ET)
Previous Close$11.98
Today's Range$11.94 - $12.02
52-Week Range$10.27 - $13.20
Volume143,400 shs
Average Volume133,626 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
Phone+1-800-2228222

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
OptionableNot Optionable

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

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 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 Monday, January 28th. Stockholders of record on Thursday, February 14th will be given a dividend of $0.1026 per share on Friday, March 1st. This represents a $1.23 annualized dividend and a dividend yield of 10.29%. The ex-dividend date is Wednesday, February 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?

Media stories about ERC stock have trended somewhat positive on Thursday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Wells Fargo Advantage Multi-Sector Income Fund earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the next few days.

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

Wells Fargo Advantage Multi-Sector Income Fund saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 65,276 shares, an increase of 234.2% from the January 15th total of 19,530 shares. Based on an average daily trading volume, of 154,204 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the 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?

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

Wells Fargo Advantage Multi-Sector Income Fund's management team includes the folowing 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.

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

Wells Fargo Advantage Multi-Sector Income Fund's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Stifel Financial Corp (0.00%), Nwam LLC (0.00%), First Foundation Advisors (0.00%), Raymond James & Associates (0.00%), Sit Investment Associates Inc. (0.00%) and Bank of America Corp DE (0.00%). Company insiders that own Wells Fargo Advantage Multi-Sector Income Fund stock include James Polisson, Ronald W Stewart, Saba Capital Management, LP, Tom Macneill and William R Ebsworth. 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 Stifel Financial Corp, Bank of America Corp DE, Nwam LLC, Raymond James & Associates, Citigroup Inc. and Selway Asset Management. View Insider Buying and Selling 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 CWM LLC, RMB Capital Management LLC, Benjamin F. Edwards & Company Inc., Shaker Financial Services LLC, Sit Investment Associates Inc., First Foundation Advisors, Dynamic Advisor Solutions LLC and Commonwealth Equity Services LLC. Company insiders that have bought Wells Fargo Advantage Multi-Sector Income Fund stock in the last two years include James Polisson, Tom Macneill and William R Ebsworth. View Insider Buying and Selling 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, Scottrade, 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 $11.97.

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/wfweb/wf/funds/cef/0ERC.jsp.

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:  1.7 out of 5 (star)
Outperform Votes:  48 (Vote Outperform)
Underperform Votes:  93 (Vote Underperform)
Total Votes:  141
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 2/21/2019 by MarketBeat.com Staff

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