NYSEAMERICAN:ERC - Wells Fargo Advantage Multi-Sector Income Fund Stock Price, Price Target & More

$12.96 +0.01 (+0.08 %)
(As of 04/26/2018 01:38 AM ET)
Previous Close$12.95
Today's Range$12.90 - $13.07
52-Week Range$12.66 - $13.65
Volume252,240 shs
Average Volume194,837 shs
Market Capitalization$460.87 million
P/E RatioN/A
Dividend Yield9.77%

About Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN:ERC)

Wells 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 N/A


Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A


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


EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A


Outstanding Shares42,060,000

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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 declared a monthly dividend on Friday, March 30th. Stockholders of record on Monday, April 16th will be paid a dividend of $0.108 per share on Tuesday, May 1st. This represents a $1.30 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date of this dividend is Friday, April 13th. 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 folowing people:
  • 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)
  • David F. Larcker, Independent Trustee (Age 67)

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

News headlines about ERC stock have trended somewhat positive on Thursday, Accern reports. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wells Fargo Advantage Multi-Sector Income Fund earned a daily sentiment score of 0.09 on Accern's scale. They also gave headlines about the company an impact score of 44.63 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

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 retail and institutional investors. Top institutional investors include FIRST TRUST PORTFOLIOS LP (10.08%). Company insiders that own Wells Fargo Advantage Multi-Sector Income Fund stock include James Polisson, Ronald W Stewart, Saba Capital Management, LP and Tom Macneill. View Institutional Ownership Trends 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 $12.96.

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

Wells Fargo Advantage Multi-Sector Income Fund has a market capitalization of $460.87 million.

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 (ERC)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  27 (Vote Outperform)
Underperform Votes:  30 (Vote Underperform)
Total Votes:  57
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.

Analyst Ratings

Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN:ERC) Analyst Ratings History

DateBrokerageActionRatingPrice TargetDetails
(Data available from 4/26/2016 forward)



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

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN ERC) Insider Trading and Institutional Ownership History

Insider Trading History for Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN:ERC)
Insider Trading History for Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN:ERC)

Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN ERC) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
2/15/2018Tom MacneillDirectorBuy15,000$0.14$2,100.00
2/12/2018Tom MacneillDirectorBuy3,500$0.14$490.00
2/9/2018Tom MacneillDirectorBuy36,500$0.14$5,110.00
2/7/2018Tom MacneillDirectorBuy25,500$0.14$3,570.00
2/5/2018Tom MacneillDirectorBuy39,000$0.15$5,850.00
1/12/2018Ronald W StewartDirectorSell150,000$0.20$30,000.00
11/27/2017James PolissonDirectorBuy1,000$13.02$13,020.00View SEC Filing  
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$0.1250$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)


Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN ERC) News Headlines


SEC Filings

Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN:ERC) SEC Filings

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Wells Fargo Advantage Multi-Sector Income Fund (NYSEAMERICAN ERC) Stock Chart for Thursday, April, 26, 2018

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This page was last updated on 4/26/2018 by MarketBeat.com Staff

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