KKR Income Opportunities Fund (NYSE:KIO) Stock Passes Above Fifty Day Moving Average of $13.25

KKR Income Opportunities Fund (NYSE:KIO) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.25 and traded as high as $13.40. KKR Income Opportunities Fund shares last traded at $13.39, with a volume of 95,203 shares traded.

KKR Income Opportunities Fund Trading Up 0.5 %

The company has a fifty day moving average price of $13.25 and a 200 day moving average price of $12.56.

KKR Income Opportunities Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.1215 per share. This represents a $0.49 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, June 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. PFG Investments LLC purchased a new position in shares of KKR Income Opportunities Fund during the first quarter worth about $154,000. Commonwealth Equity Services LLC lifted its position in KKR Income Opportunities Fund by 29.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 13,308 shares of the investment management company’s stock worth $159,000 after buying an additional 3,042 shares during the last quarter. Aristides Capital LLC bought a new stake in KKR Income Opportunities Fund in the 4th quarter worth approximately $196,000. Mission Wealth Management LP bought a new stake in KKR Income Opportunities Fund in the 3rd quarter worth approximately $191,000. Finally, Verity Asset Management Inc. lifted its position in KKR Income Opportunities Fund by 8.2% in the 3rd quarter. Verity Asset Management Inc. now owns 19,831 shares of the investment management company’s stock worth $237,000 after buying an additional 1,499 shares during 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.