KKR Income Opportunities Fund (NYSE:KIO) Stock Price Down 0.1% – Should You Sell?

Shares of KKR Income Opportunities Fund (NYSE:KIO) fell 0.1% during trading on Thursday . The company traded as low as $13.60 and last traded at $13.60. 90,311 shares were traded during mid-day trading, a decline of 30% from the average session volume of 129,230 shares. The stock had previously closed at $13.62.

KKR Income Opportunities Fund Trading Down 0.5 %

The business has a 50 day simple moving average of $13.85 and a two-hundred day simple moving average of $14.01.

KKR Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.1215 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.46 annualized dividend and a yield of 10.87%.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp grew its stake in KKR Income Opportunities Fund by 46.8% in the third quarter. Stifel Financial Corp now owns 108,342 shares of the investment management company’s stock worth $1,599,000 after purchasing an additional 34,515 shares in the last quarter. HighTower Advisors LLC grew its position in shares of KKR Income Opportunities Fund by 85.0% in the 3rd quarter. HighTower Advisors LLC now owns 21,921 shares of the investment management company’s stock worth $324,000 after acquiring an additional 10,071 shares in the last quarter. Plotkin Financial Advisors LLC acquired a new stake in shares of KKR Income Opportunities Fund during the third quarter worth $191,000. Rockefeller Capital Management L.P. lifted its position in shares of KKR Income Opportunities Fund by 8.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 64,834 shares of the investment management company’s stock worth $957,000 after buying an additional 5,000 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new position in shares of KKR Income Opportunities Fund in the 3rd quarter valued at about $5,273,000.

About KKR Income Opportunities Fund

KKR Income Opportunities Fund is a close ended fixed income mutual fund launched by Kohlberg Kravis Roberts & Co L.P. The fund is managed by KKR Asset Management LLC. It invests in fixed income markets and hedging markets across the globe. The fund primarily invests in first- and second-lien secured loans, unsecured loans and high yield corporate debt instruments.