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

KKR Income Opportunities Fund (NYSE:KIO)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.90 and traded as low as $11.75. KKR Income Opportunities Fund shares last traded at $11.79, with a volume of 124,710 shares.

KKR Income Opportunities Fund Stock Performance

The firm’s 50-day simple moving average is $12.00 and its 200 day simple moving average is $12.90.

KKR Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.1215 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 12.37%.

Institutional Investors Weigh In On KKR Income Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc bought a new position in KKR Income Opportunities Fund in the 1st quarter valued at about $26,000. Noble Wealth Management PBC bought a new position in KKR Income Opportunities Fund in the 1st quarter valued at about $63,000. Naviter Wealth LLC bought a new position in KKR Income Opportunities Fund in the 4th quarter valued at about $139,000. Fortitude Advisory Group L.L.C. bought a new position in KKR Income Opportunities Fund in the 1st quarter valued at about $143,000. Finally, Rik Saylor Financial Inc. bought a new position in KKR Income Opportunities Fund in the 4th quarter valued at about $202,000.

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.