KKR Income Opportunities Fund (NYSE:KIO) Stock Passes Below 200-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 Wednesday . The stock has a 200-day moving average of $12.80 and traded as low as $11.94. KKR Income Opportunities Fund shares last traded at $12.02, with a volume of 199,324 shares changing hands.

KKR Income Opportunities Fund Price Performance

The business has a 50-day simple moving average of $11.90 and a 200 day simple moving average of $12.80.

KKR Income Opportunities Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 12th will be issued a $0.1215 dividend. This represents a yield of 12.25%. The ex-dividend date of this dividend is Friday, May 9th.

Hedge Funds Weigh In On KKR Income Opportunities Fund

A number of hedge funds have recently modified their holdings of KIO. SeaCrest Wealth Management LLC boosted its holdings in KKR Income Opportunities Fund by 3.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 24,297 shares of the investment management company’s stock worth $325,000 after buying an additional 765 shares during the period. Stephens Inc. AR boosted its stake in shares of KKR Income Opportunities Fund by 3.9% in the fourth quarter. Stephens Inc. AR now owns 26,852 shares of the investment management company’s stock worth $359,000 after acquiring an additional 1,000 shares during the period. Envestnet Asset Management Inc. raised its stake in KKR Income Opportunities Fund by 3.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 40,726 shares of the investment management company’s stock valued at $501,000 after purchasing an additional 1,193 shares during the period. Comerica Bank lifted its holdings in KKR Income Opportunities Fund by 3.7% in the 4th quarter. Comerica Bank now owns 39,272 shares of the investment management company’s stock worth $525,000 after purchasing an additional 1,388 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in KKR Income Opportunities Fund by 4.7% in the 4th quarter. NewEdge Advisors LLC now owns 41,622 shares of the investment management company’s stock worth $557,000 after purchasing an additional 1,885 shares during the period.

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.