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Wells Fargo (NYSE:WFC) Advantage Utilities & High Income Fund (ERH) stock has reached a new 52-week high, hitting $11.39 amidst a period of robust performance in the utilities sector. This milestone reflects a significant uptrend for the fund, which has actually achieved an even more impressive 37.79% return over the past year. Investors have shown increased confidence in utility stocks, often considered stable investments during volatile market conditions, which has contributed to ERH’s strong showing. InvestingPro analysis reveals several more key insights about ERH’s performance and stability metrics. The fund’s focus on high-income utility investments appears to be resonating with investors looking for reliable dividend-paying stocks, further fueling its ascent to this 52-week peak. The fund maintains an attractive 8.13% dividend yield and has consistently paid dividends for 22 consecutive years.
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