NYSEAMERICAN:ERC

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

$12.91
+0.07 (+0.55 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$12.83
$12.94
50-Day Range N/A
52-Week Range
$10.69
$13.63
Volume38,614 shs
Average Volume79,085 shs
Market CapitalizationN/A
P/E RatioN/A
Dividend Yield0.11%
BetaN/A
30 days | 90 days | 365 days | Advanced Chart
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About Wells Fargo Advantage Multi-Sector Income Fund

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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MarketRank

Overall MarketRank

0.32 out of 5 stars

Financial Services Sector

423rd out of 622 stocks

Asset Management Industry

191st out of 199 stocks

Analyst Opinion: 0.0Community Rank: 1.6Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -
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Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN:ERC) Frequently Asked Questions

What stocks does MarketBeat like better than Wells Fargo Advantage Multi-Sector Income Fund?

Wall Street analysts have given Wells Fargo Advantage Multi-Sector Income Fund a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Wells Fargo Advantage Multi-Sector Income Fund wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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

Wells Fargo Advantage Multi-Sector Income Fund saw a increase in short interest in May. As of May 14th, there was short interest totaling 73,400 shares, an increase of 42.8% from the April 29th total of 51,400 shares. Based on an average daily volume of 80,900 shares, the short-interest ratio is currently 0.9 days.
View Wells Fargo Advantage Multi-Sector Income Fund's Short Interest
.

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 Thursday, May 20th. Shareholders of record on Monday, June 14th will be paid a dividend of $0.0935 per share on Thursday, July 1st. This represents a $1.12 dividend on an annualized basis and a yield of 8.69%. The ex-dividend date is Friday, June 11th. This is a boost from Wells Fargo Advantage Multi-Sector Income Fund's previous monthly dividend of $0.09.
View Wells Fargo Advantage Multi-Sector Income Fund's dividend history
.

Is Wells Fargo Advantage Multi-Sector Income Fund a good dividend stock?

Wells Fargo Advantage Multi-Sector Income Fund pays an annual dividend of $1.29 per share and currently has a dividend yield of 0.11%.
View Wells Fargo Advantage Multi-Sector Income Fund's dividend history.

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:
  • Mr. Peter Malcolm Wilson, Chief Operating Officer, Managing Director, Sr. Portfolio Mang. and Director
  • Mr. Anthony John Norris, Chief Investment Officer, Managing Director, Sr. Portfolio Mang. and Director
  • Mr. Michael William Lee, Director of Trading and Sr. Portfolio Mang.
  • Mr. Jonathan Alexander Geoffrey Perrin, Director of Research and Sr. Portfolio Mang.
  • Mr. Christopher Y. Kauffman CFA, Portfolio Mang.
  • Mr. Niklas Nordenfelt CFA, Portfolio Mang.
  • Mr. Philip Susser, Portfolio Mang.
  • Mr. Christopher A. Wightman, Portfolio Mang.
  • Mr. Noah Wise CFA, Portfolio Mang. & Research Analyst

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?

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 many different retail and institutional investors. Top institutional shareholders include Cohen & Steers Inc. (0.00%), Royal Bank of Canada (0.00%), Ameriprise Financial Inc. (0.00%), Morgan Stanley (0.00%), UBS Group AG (0.00%) and Sowell Financial Services LLC (0.00%).
View institutional ownership trends for Wells Fargo Advantage Multi-Sector Income Fund
.

Which major 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 Royal Bank of Canada, Nwam LLC, Guggenheim Capital LLC, UBS Group AG, Ameriprise Financial Inc., Capital Investment Advisors LLC, First Foundation Advisors, and Selway Asset Management.
View insider buying and selling activity for Wells Fargo Advantage Multi-Sector Income Fund
or view top insider-selling stocks.

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

ERC stock was purchased by a variety of institutional investors in the last quarter, including Sowell Financial Services LLC, Cohen & Steers Inc., Fiera Capital Corp, Morgan Stanley, Mid Atlantic Financial Management Inc. ADV, Stifel Financial Corp, International Assets Investment Management LLC, and Benjamin F. Edwards & Company Inc..
View insider buying and selling activity for Wells Fargo Advantage Multi-Sector Income Fund
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of ERC stock can currently be purchased for approximately $12.91.

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

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

Where are Wells Fargo Advantage Multi-Sector Income Fund's headquarters?

Wells Fargo Advantage Multi-Sector Income Fund is headquartered at 525 Market St, SAN FRANCISCO, CA 94105-2708, United States.

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 6/20/2021 by MarketBeat.com Staff
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