KKR Income Opportunities Fund (NYSE:KIO) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

KKR Income Opportunities Fund (NYSE:KIO)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.43 and traded as low as $11.20. KKR Income Opportunities Fund shares last traded at $11.2550, with a volume of 101,225 shares traded.

KKR Income Opportunities Fund Price Performance

The stock’s fifty day moving average is $11.06 and its 200-day moving average is $11.43.

KKR Income Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be given a dividend of $0.1215 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date of this dividend is Friday, June 12th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in shares of KKR Income Opportunities Fund by 59.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock valued at $34,000 after acquiring an additional 1,103 shares during the last quarter. Blue Trust Inc. increased its position in shares of KKR Income Opportunities Fund by 10,475.0% during the fourth quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock valued at $74,000 after acquiring an additional 6,285 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of KKR Income Opportunities Fund during the fourth quarter valued at about $88,000. Anfield Capital Management LLC acquired a new stake in shares of KKR Income Opportunities Fund during the third quarter valued at about $100,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of KKR Income Opportunities Fund during the first quarter valued at about $112,000.

KKR Income Opportunities Fund Company Profile

KKR Income Opportunities Fund (NYSE: KIO) is a diversified, closed-end management investment company that seeks to provide attractive current income and capital appreciation by investing primarily in corporate credit instruments. Managed by KKR Income Opportunities Advisors, LLC, the fund leverages the global credit platform of KKR & Co Inc, deploying capital across a broad spectrum of debt securities—including broadly syndicated loans, high-yield bonds, convertible bonds, private credit, and other credit-related instruments.

Since its initial public offering in June 2018, the fund has pursued a flexible, research-driven strategy designed to capture opportunities across credit markets.