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Closed-end funds advised by Allspring Funds Management renew share repurchase programs
PRNewswire (Thu, 13-Nov 8:30 AM ET)
PRNewswire (Wed, 12-Nov 4:15 PM ET)
Allspring Closed-End Funds Declare Monthly Distributions
PRNewswire (Fri, 31-Oct 8:31 AM ET)
Allspring Closed-End Funds Announce Changes to their Portfolio Management Teams
PRNewswire (Wed, 8-Oct 8:30 AM ET)
To seek a high level of current income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income. The Fund will invest at least 80% of its net assets in securities of utilities companies (water, gas, electric and telecommunications companies) and in U.S. non-investment grade debt securities. The sub-advisor may employ dividend capture in an attempt to increase current income.
Allspring Utilities And High Income Common Shares trades on the AMEX stock market under the symbol ERH.
As of December 24, 2025, ERH stock price climbed to $11.77 with 9,228 million shares trading.
ERH has a beta of 0.31, meaning it tends to be less sensitive to market movements. ERH has a correlation of 0.19 to the broad based SPY ETF.
ERH has a market cap of $104.67 million. This is considered a Micro Cap stock.
In the last 3 years, ERH traded as high as $13.07 and as low as $7.97.
ERH has outperformed the market in the last year with a return of +18.9%, while the SPY ETF gained +17.3%. However, in the most recent history, ERH shares have underperformed the stock market with its stock returning -1.0% in the last 3 month period and -0.2% for the last 2 week period, while SPY has returned +4.4% and +1.4%, respectively.
ERH support price is $11.62 and resistance is $11.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ERH shares will trade within this expected range on the day.