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

KKR Income Opportunities Fund (NYSE:KIO) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.33 and traded as low as $11.53. KKR Income Opportunities Fund shares last traded at $11.5950, with a volume of 450,648 shares trading hands.

KKR Income Opportunities Fund Stock Down 0.2%

The stock’s fifty day moving average price is $12.21 and its 200-day moving average price is $12.33.

KKR Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 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 12.6%. The ex-dividend date is Friday, December 12th.

Institutional Investors Weigh In On KKR Income Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of KIO. Apollon Wealth Management LLC raised its stake in KKR Income Opportunities Fund by 5.1% in the 2nd quarter. Apollon Wealth Management LLC now owns 16,866 shares of the investment management company’s stock valued at $212,000 after purchasing an additional 825 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of KKR Income Opportunities Fund by 3.0% during the first quarter. Envestnet Asset Management Inc. now owns 40,726 shares of the investment management company’s stock worth $501,000 after buying an additional 1,193 shares in the last quarter. AdvisorNet Financial Inc raised its position in shares of KKR Income Opportunities Fund by 86.6% in the second quarter. AdvisorNet Financial Inc now owns 3,905 shares of the investment management company’s stock valued at $49,000 after buying an additional 1,812 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in shares of KKR Income Opportunities Fund by 14.7% in the first quarter. Atria Wealth Solutions Inc. now owns 15,319 shares of the investment management company’s stock valued at $188,000 after buying an additional 1,965 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of KKR Income Opportunities Fund by 4.5% during the second quarter. NewEdge Advisors LLC now owns 47,517 shares of the investment management company’s stock valued at $597,000 after buying an additional 2,051 shares during the period.

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.