KKR Income Opportunities Fund (NYSE:KIO) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

KKR Income Opportunities Fund (NYSE:KIO) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.01 and traded as low as $13.66. KKR Income Opportunities Fund shares last traded at $13.68, with a volume of 127,396 shares changing hands.

KKR Income Opportunities Fund Stock Performance

The stock’s 50 day simple moving average is $14.41 and its 200-day simple moving average is $14.01.

KKR Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.1215 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.46 dividend on an annualized basis and a yield of 10.66%.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Several institutional investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. purchased a new position in KKR Income Opportunities Fund in the second quarter valued at $146,000. Creative Planning purchased a new position in shares of KKR Income Opportunities Fund in the 3rd quarter valued at about $182,000. PFG Investments LLC acquired a new position in shares of KKR Income Opportunities Fund during the third quarter worth about $249,000. Commonwealth Equity Services LLC increased its stake in shares of KKR Income Opportunities Fund by 9.5% during the second quarter. Commonwealth Equity Services LLC now owns 17,307 shares of the investment management company’s stock worth $237,000 after buying an additional 1,498 shares during the period. Finally, SeaCrest Wealth Management LLC raised its holdings in KKR Income Opportunities Fund by 4.8% in the third quarter. SeaCrest Wealth Management LLC now owns 23,532 shares of the investment management company’s stock valued at $347,000 after acquiring an additional 1,074 shares in the last quarter.

KKR Income Opportunities Fund Company Profile

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.