KKR Income Opportunities Fund (NYSE:KIO) Shares Cross Below 200-Day Moving Average – Time to Sell?

KKR Income Opportunities Fund (NYSE:KIO)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.33 and traded as low as $11.25. KKR Income Opportunities Fund shares last traded at $11.28, with a volume of 774,227 shares.

KKR Income Opportunities Fund Stock Down 6.2 %

The firm has a 50 day moving average of $12.47 and a 200 day moving average of $13.33.

KKR Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.1215 per share. 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 12.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Guggenheim Capital LLC boosted its position in KKR Income Opportunities Fund by 7.0% during the fourth quarter. Guggenheim Capital LLC now owns 567,989 shares of the investment management company’s stock worth $7,600,000 after purchasing an additional 37,014 shares during the period. Bank of America Corp DE boosted its holdings in KKR Income Opportunities Fund by 3.1% in the 4th quarter. Bank of America Corp DE now owns 287,895 shares of the investment management company’s stock worth $3,852,000 after buying an additional 8,537 shares during the period. Stifel Financial Corp grew its stake in KKR Income Opportunities Fund by 68.5% in the 4th quarter. Stifel Financial Corp now owns 182,559 shares of the investment management company’s stock valued at $2,443,000 after buying an additional 74,217 shares in the last quarter. Wells Fargo & Company MN raised its holdings in KKR Income Opportunities Fund by 29.9% during the 4th quarter. Wells Fargo & Company MN now owns 163,325 shares of the investment management company’s stock valued at $2,185,000 after acquiring an additional 37,634 shares during the period. Finally, Joseph P. Lucia & Associates LLC lifted its position in shares of KKR Income Opportunities Fund by 4.9% during the fourth quarter. Joseph P. Lucia & Associates LLC now owns 104,300 shares of the investment management company’s stock worth $1,396,000 after acquiring an additional 4,853 shares in 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.