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

$13.06 0.12 (0.93 %)
(As of 11/24/2017 04:00 PM ET)
Previous Close$12.94
Today's Range$12.90 - $13.06
52-Week Range$12.32 - $13.65
Volume38,010 shs
Average Volume132,746 shs
Market Capitalization$457.77 million
P/E RatioN/A
Dividend Yield9.98%
Beta0.58

About Wells Fargo Multi-Sector Income Fund (NYSEAMERICAN: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.

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Industry, Sector and Symbol

Industry Closed End Funds
Sub-IndustryN/A
SectorClosed End Funds
SymbolNYSEAMERICAN:ERC
  • Previous Symbol: NYSE:ERC
  • CUSIPN/A
    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 / CashN/A
    Book ValueN/A
    Price / BookN/A

    Profitability

    Trailing EPSN/A
    Net IncomeN/A
    Net MarginsN/A
    Return on EquityN/A
    Return on AssetsN/A

    Miscellaneous

    EmployeesN/A
    Outstanding Shares42,060,000

    Frequently Asked Questions for Wells Fargo Multi-Sector Income Fund (NYSEAMERICAN: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)AMERICAN 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 Monday, November 13th. Stockholders of record on Wednesday, December 13th will be paid a dividend of $0.1077 per share on Tuesday, January 2nd. This represents a $1.29 annualized dividend and a dividend yield of 9.90%. The ex-dividend date of this dividend is Tuesday, December 12th. View Wells Fargo Multi-Sector Income Fund's Dividend History.

    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 (Age 75)
    • Karla M. Rabusch, President (Age 58)
    • Michael Whitaker, Chief Compliance Officer (Age 50)
    • Jeremy M. DePalma, Treasurer (Age 43)
    • David Berardi, Assistant Treasurer (Age 42)
    • C. David Messman, Secretary, Chief Legal Officer (Age 57)
    • William Robert Ebsworth, Independent Trustee (Age 60)
    • Jane A. Freeman, Independent Trustee (Age 64)
    • Isaiah Harris Jr., Independent Trustee (Age 65)
    • Judith M. Johnson, Independent Trustee (Age 68)

    Who owns Wells Fargo Multi-Sector Income Fund stock?

    Wells Fargo Multi-Sector Income Fund's stock is owned by a number of of retail and institutional investors. Top institutional investors include Sit Investment Associates Inc. (0.00%), Vident Investment Advisory LLC (1.13%), Nwam LLC (0.00%), Cohen & Steers Inc. (0.68%), Ladenburg Thalmann Financial Services Inc. (0.36%) and Ameriprise Financial Inc. (0.32%). Company insiders that own Wells Fargo Multi-Sector Income Fund stock include Saba Capital Management, LP and Tom Macneill. 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 Sit Investment Associates Inc.. 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 Shaker Financial Services LLC, Vident Investment Advisory LLC, Doliver Capital Advisors LP, Ladenburg Thalmann Financial Services Inc., Ameriprise Financial Inc., Raymond James Financial Services Advisors Inc., First Trust Advisors LP and Cohen & Steers Inc.. Company insiders that have bought Wells Fargo Multi-Sector Income Fund stock in the last two years include Saba Capital Management, LP and Tom Macneill. 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 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 Multi-Sector Income Fund's stock price today?

    One share of Wells Fargo Multi-Sector Income Fund stock can currently be purchased for approximately $13.06.

    How big of a company is Wells Fargo Multi-Sector Income Fund?

    Wells Fargo Multi-Sector Income Fund has a market capitalization of $457.77 million.

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

    Wells Fargo 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 Multi-Sector Income Fund (ERC)

    Community Ranking:  2.2 out of 5 (star star)
    Outperform Votes:  15 (Vote Outperform)
    Underperform Votes:  19 (Vote Underperform)
    Total Votes:  34
    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

    Analysts' Ratings History for Wells Fargo Multi-Sector Income Fund (NYSEAMERICAN:ERC)


    No equities research coverage for this company has been tracked by MarketBeat

    Earnings

    Earnings History for Wells Fargo Multi-Sector Income Fund (NYSEAMERICAN:ERC)


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

    Estimates

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

    Dividends

    Dividend History by Quarter for Wells Fargo Multi-Sector Income Fund (NYSEAMERICAN ERC)

    AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
    11/13/2017monthly$0.119.93%12/12/201712/13/20171/2/2018
    10/31/2017monthly$0.119.91%11/14/201711/15/201712/1/2017
    10/2/2017monthly$0.119.63%10/13/201710/16/201711/1/2017
    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 (NYSEAMERICAN ERC)

    Insider Trades by Quarter for Wells Fargo Multi-Sector Income Fund (NYSEAMERICAN:ERC)
    Insider Trades by Quarter for Wells Fargo Multi-Sector Income Fund (NYSEAMERICAN:ERC)

    Insider Trades by Quarter for Wells Fargo Multi-Sector Income Fund (NYSEAMERICAN 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  
    3/4/2016Tom MacneillDirectorBuy15,000$0.13$1,875.00
    3/3/2016Saba Capital Management, L.P.Major ShareholderBuy25,967$11.50$298,620.50View SEC Filing  
    3/3/2016Tom MacneillDirectorBuy25,000$0.12$3,000.00
    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

    Latest Headlines for Wells Fargo Multi-Sector Income Fund (NYSEAMERICAN ERC)

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    No headlines for this company have been tracked by MarketBeat.com

    Social Media

    Financials

    Chart

    Wells Fargo Multi-Sector Income Fund (NYSEAMERICAN ERC) Chart for Friday, November, 24, 2017
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    This page was last updated on 11/24/2017 by MarketBeat.com Staff

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