ERH Stock Summary and Trading Ideas (Allspring Utilities And High Income Common Shares | AMEX:ERH)

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 April 19, 2024, ERH stock price climbed to $9.08 with 26,303 million shares trading.

ERH has a beta of 0.67, 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 $84.37 million. This is considered a Micro Cap stock.

In the last 3 years, ERH stock traded as high as $15.23 and as low as $7.97.

ERH stock has underperformed the market in the last year with a return of -7.3%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ERH shares. However, ERH has outperformed the market in the last 3 month and 2 week periods, returning +4.5% and -1.3%, while SPY returned +4.3% and -3.5%, respectively. This indicates ERH has been having a stronger performance recently.

ERH support price is $8.88 and resistance is $9.06 (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 stock will trade within this expected range on the day.