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

KKR Income Opportunities Fund (NYSE:KIO) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.00 and traded as low as $13.11. KKR Income Opportunities Fund shares last traded at $13.27, with a volume of 139,411 shares changing hands.

KKR Income Opportunities Fund Stock Down 0.5 %

The company’s fifty day simple moving average is $13.54 and its two-hundred day simple moving average is $13.99.

KKR Income Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a $0.1215 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.46 annualized dividend and a dividend yield of 11.05%.

Institutional Investors Weigh In On KKR Income Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in KIO. Penserra Capital Management LLC bought a new position in shares of KKR Income Opportunities Fund during the third quarter worth about $5,273,000. Cambridge Investment Research Advisors Inc. grew its position in KKR Income Opportunities Fund by 7.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 112,377 shares of the investment management company’s stock valued at $1,540,000 after purchasing an additional 8,056 shares in the last quarter. Stifel Financial Corp increased its stake in KKR Income Opportunities Fund by 46.8% in the 3rd quarter. Stifel Financial Corp now owns 108,342 shares of the investment management company’s stock valued at $1,599,000 after buying an additional 34,515 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in KKR Income Opportunities Fund by 8.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 64,834 shares of the investment management company’s stock worth $957,000 after buying an additional 5,000 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of KKR Income Opportunities Fund during the 3rd quarter worth about $624,000.

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.