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

Shares of KKR Income Opportunities Fund (NYSE:KIO) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.92 and traded as low as $12.62. KKR Income Opportunities Fund shares last traded at $12.67, with a volume of 310,426 shares traded.

KKR Income Opportunities Fund Stock Down 0.6 %

The stock has a 50 day moving average of $13.30 and a 200 day moving average of $13.92.

KKR Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 6th will be given a $0.1215 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.46 annualized dividend and a dividend yield of 11.50%.

Institutional Trading of KKR Income Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of KIO. Joseph P. Lucia & Associates LLC grew its position in shares of KKR Income Opportunities Fund by 4.9% during the 4th quarter. Joseph P. Lucia & Associates LLC now owns 104,300 shares of the investment management company’s stock valued at $1,396,000 after buying an additional 4,853 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in KKR Income Opportunities Fund by 3.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 24,297 shares of the investment management company’s stock valued at $325,000 after acquiring an additional 765 shares during the period. HighTower Advisors LLC grew its holdings in shares of KKR Income Opportunities Fund by 85.0% during the third quarter. HighTower Advisors LLC now owns 21,921 shares of the investment management company’s stock valued at $324,000 after purchasing an additional 10,071 shares during the last quarter. Stifel Financial Corp raised its position in shares of KKR Income Opportunities Fund by 46.8% during the 3rd quarter. Stifel Financial Corp now owns 108,342 shares of the investment management company’s stock worth $1,599,000 after purchasing an additional 34,515 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of KKR Income Opportunities Fund by 8.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 64,834 shares of the investment management company’s stock worth $957,000 after purchasing an additional 5,000 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.