CHARLOTTE, N.C., March 31, 2023 /PRNewswire/ -- The Allspring Income Opportunities Fund (NYSE American: EAD), the Allspring Multi-Sector Bond Fund (NYSE American: ACM), and the Allspring Dividend Income Fund (NYSE American: ADF) are among the funds managed by Allspring Global Investments Holdings LLC, a registered investment advisor with $2.8 billion in assets under management.
In the fourth quarter of 2022, Allspring Global Investments Holdings LLC decreased its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Rating) by 8.7%. The company is a Mexican telecommunications corporation and Latin America's largest mobile-phone carrier.
Allspring Global Investments Holdings LLC raised its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Get Rating) by 21.1% in the fourth quarter of 2022. Rexford Industrial Realty is a real estate investment trust focused on owning and operating industrial properties in Southern California.
The investment firm also lowered its stake in Brown & Brown, Inc. (NYSE:BRO - Get Rating) by 3.8% in the fourth quarter of 2022. Brown & Brown is a provider of insurance and reinsurance products and services.
Allspring Global Investments Holdings LLC lifted its stake in Devon Energy Co. (NYSE:DVN - Get Rating) by 6.9% in the fourth quarter of 2022. Devon Energy is an independent oil and natural gas exploration and production company.
In the same quarter, Allspring Global Investments Holdings LLC raised its position in Regions Financial Co. (NYSE:RF - Get Rating) by 1.2%. Regions Financial is a regional bank holding company based in Birmingham, Alabama.
Allspring Global Investments Holdings LLC increased its holdings in Union Pacific Co. (NYSE:UNP - Get Rating) by 0.7% during the fourth quarter of 2022. Union Pacific is one of America's leading transportation companies, providing rail freight services across the country.
The investment firm lessened its stake in FirstEnergy Corp. (NYSE:FE - Get Rating) by 0.8% during the fourth quarter of 2022. FirstEnergy is an electric utility holding company serving customers in Ohio, Pennsylvania, and New Jersey.
Allspring Global Investments Holdings LLC boosted its position in The Wendy's Company (NASDAQ:WEN - Get Rating) by 85.7% in the fourth quarter of 2022. Wendy's is a fast-food chain known for its hamburgers, chicken sandwiches, and Frosty desserts.
Other changes to the portfolio holdings of Allspring Global Investments Holdings LLC in the fourth quarter of 2022 include an increase in shares of Nucor Corp. (NYSE:NUE - Get Rating) and a decrease in shares of The Home Depot, Inc. (NYSE:HD - Get Rating).
Overall, the investment firm made several adjustments to its portfolio holdings in the fourth quarter of 2022. The changes reflect a shift in focus towards certain industries and companies, as well as a desire to reduce exposure to others.
