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

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 $13.82 and traded as low as $12.68. KKR Income Opportunities Fund shares last traded at $12.73, with a volume of 273,706 shares trading hands.

KKR Income Opportunities Fund Stock Performance

The stock’s 50 day moving average price is $13.14 and its 200-day moving average price is $13.82.

KKR Income Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.1215 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 11.46%.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank boosted its stake in KKR Income Opportunities Fund by 3.7% in the fourth quarter. Comerica Bank now owns 39,272 shares of the investment management company’s stock valued at $525,000 after acquiring an additional 1,388 shares in the last quarter. Virtus ETF Advisers LLC raised its holdings in shares of KKR Income Opportunities Fund by 32.0% in the fourth quarter. Virtus ETF Advisers LLC now owns 63,436 shares of the investment management company’s stock worth $849,000 after buying an additional 15,380 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of KKR Income Opportunities Fund by 68.5% in the fourth quarter. Stifel Financial Corp now owns 182,559 shares of the investment management company’s stock worth $2,443,000 after buying an additional 74,217 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of KKR Income Opportunities Fund by 4.7% in the fourth quarter. NewEdge Advisors LLC now owns 41,622 shares of the investment management company’s stock worth $557,000 after buying an additional 1,885 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of KKR Income Opportunities Fund by 7.0% in the fourth quarter. Guggenheim Capital LLC now owns 567,989 shares of the investment management company’s stock worth $7,600,000 after buying an additional 37,014 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.