KKR Income Opportunities Fund (NYSE:KIO) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Shares of KKR Income Opportunities Fund (NYSE:KIO) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $14.51 and traded as low as $13.82. KKR Income Opportunities Fund shares last traded at $13.82, with a volume of 151,671 shares changing hands.

KKR Income Opportunities Fund Price Performance

The company’s fifty day moving average price is $14.51 and its 200 day moving average price is $14.00.

KKR Income Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.1215 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.46 annualized dividend and a yield of 10.55%.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Several hedge funds and other institutional investors have recently bought and sold shares of KIO. Hennion & Walsh Asset Management Inc. acquired a new position in KKR Income Opportunities Fund in the 2nd quarter worth approximately $146,000. Creative Planning bought a new stake in KKR Income Opportunities Fund in the third quarter worth $182,000. Commonwealth Equity Services LLC increased its holdings in shares of KKR Income Opportunities Fund by 9.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 17,307 shares of the investment management company’s stock valued at $237,000 after acquiring an additional 1,498 shares during the last quarter. PFG Investments LLC bought a new position in shares of KKR Income Opportunities Fund in the third quarter valued at approximately $249,000. Finally, SeaCrest Wealth Management LLC raised its holdings in KKR Income Opportunities Fund by 4.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 23,532 shares of the investment management company’s stock worth $347,000 after acquiring an additional 1,074 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.