KKR Income Opportunities Fund (NYSE:KIO) Shares Pass Above 50-Day Moving Average – Should You Sell?

KKR Income Opportunities Fund (NYSE:KIO)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.60 and traded as high as $12.68. KKR Income Opportunities Fund shares last traded at $12.58, with a volume of 477,825 shares traded.

KKR Income Opportunities Fund Price Performance

The stock has a 50 day simple moving average of $12.60 and a 200 day simple moving average of $12.27.

KKR Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a dividend of $0.1215 per share. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date of this dividend is Friday, December 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KIO. AdvisorNet Financial Inc purchased a new stake in KKR Income Opportunities Fund in the 1st quarter worth approximately $26,000. SVB Wealth LLC bought a new position in KKR Income Opportunities Fund in the 1st quarter worth $26,000. Noble Wealth Management PBC purchased a new stake in shares of KKR Income Opportunities Fund in the 1st quarter worth about $63,000. US Bancorp DE boosted its stake in shares of KKR Income Opportunities Fund by 266.3% during the 1st quarter. US Bancorp DE now owns 5,476 shares of the investment management company’s stock valued at $67,000 after purchasing an additional 3,981 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. purchased a new position in shares of KKR Income Opportunities Fund during the first quarter valued at about $143,000.

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.