KKR Income Opportunities Fund (NYSE:KIO) Trading Down 0.1% – Here’s What Happened

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

KKR Income Opportunities Fund Stock Performance

The stock has a 50 day moving average of $13.85 and a 200 day moving average of $14.01.

KKR Income Opportunities Fund Announces Dividend

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

Institutional Trading of KKR Income Opportunities Fund

Hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its holdings in shares of 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 buying an additional 5,000 shares during the last quarter. Plotkin Financial Advisors LLC bought a new stake in KKR Income Opportunities Fund during the 3rd quarter valued at $191,000. Penserra Capital Management LLC acquired a new position in KKR Income Opportunities Fund during the 3rd quarter worth $5,273,000. Creative Planning acquired a new position in KKR Income Opportunities Fund during the 3rd quarter worth $182,000. Finally, Stephens Inc. AR grew its stake in shares of KKR Income Opportunities Fund by 36.8% in the third quarter. Stephens Inc. AR now owns 25,852 shares of the investment management company’s stock worth $382,000 after purchasing an additional 6,949 shares in 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.