KKR Income Opportunities Fund (NYSE:KIO) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

KKR Income Opportunities Fund (NYSE:KIO)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.44 and traded as low as $12.28. KKR Income Opportunities Fund shares last traded at $12.33, with a volume of 164,223 shares changing hands.

KKR Income Opportunities Fund Price Performance

The firm’s 50-day moving average price is $12.58 and its two-hundred day moving average price is $13.42.

KKR Income Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.1215 per share. The ex-dividend date is Friday, June 13th. This represents a $1.46 annualized dividend and a yield of 11.84%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KIO. Stifel Financial Corp boosted its position in KKR Income Opportunities Fund by 68.5% during the fourth quarter. Stifel Financial Corp now owns 182,559 shares of the investment management company’s stock valued at $2,443,000 after purchasing an additional 74,217 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of KKR Income Opportunities Fund by 29.9% during the fourth quarter. Wells Fargo & Company MN now owns 163,325 shares of the investment management company’s stock valued at $2,185,000 after buying an additional 37,634 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of KKR Income Opportunities Fund by 7.0% in the 4th quarter. Guggenheim Capital LLC now owns 567,989 shares of the investment management company’s stock valued at $7,600,000 after buying an additional 37,014 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of KKR Income Opportunities Fund during the 4th quarter worth approximately $394,000. Finally, Atala Financial Inc purchased a new stake in KKR Income Opportunities Fund during the fourth quarter valued at approximately $311,000.

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.