KKR Income Opportunities Fund (NYSE:KIO) Shares Pass Below 200 Day Moving Average – Here’s Why

KKR Income Opportunities Fund (NYSE:KIO) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.33 and traded as low as $11.25. KKR Income Opportunities Fund shares last traded at $11.28, with a volume of 774,227 shares.

KKR Income Opportunities Fund Trading Down 6.2 %

The stock has a 50-day moving average price of $12.47 and a 200-day moving average price of $13.33.

KKR Income Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.1215 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.46 dividend on an annualized basis and a yield of 12.93%.

Institutional Trading of KKR Income Opportunities Fund

A number of hedge funds have recently made changes to their positions in KIO. Rockefeller Capital Management L.P. raised its position in KKR Income Opportunities Fund by 8.4% during the third quarter. Rockefeller Capital Management L.P. now owns 64,834 shares of the investment management company’s stock valued at $957,000 after purchasing an additional 5,000 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of KKR Income Opportunities Fund by 85.0% during the 3rd quarter. HighTower Advisors LLC now owns 21,921 shares of the investment management company’s stock valued at $324,000 after buying an additional 10,071 shares in the last quarter. Stifel Financial Corp lifted its position in KKR Income Opportunities Fund by 46.8% in the 3rd quarter. Stifel Financial Corp now owns 108,342 shares of the investment management company’s stock worth $1,599,000 after buying an additional 34,515 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in KKR Income Opportunities Fund by 3.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 24,297 shares of the investment management company’s stock worth $325,000 after buying an additional 765 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC grew its position in KKR Income Opportunities Fund by 4.9% during the fourth quarter. Joseph P. Lucia & Associates LLC now owns 104,300 shares of the investment management company’s stock valued at $1,396,000 after acquiring an additional 4,853 shares during the last quarter.

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.