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

KKR Income Opportunities Fund (NYSE:KIO)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.42 and traded as high as $13.47. KKR Income Opportunities Fund shares last traded at $13.39, with a volume of 102,602 shares.

KKR Income Opportunities Fund Trading Up 0.4 %

The company has a fifty day moving average price of $13.41 and a two-hundred day moving average price of $13.98.

KKR Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.1215 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 10.91%.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC grew its holdings in shares of KKR Income Opportunities Fund by 3.3% during the 4th quarter. SeaCrest Wealth Management LLC now owns 24,297 shares of the investment management company’s stock worth $325,000 after purchasing an additional 765 shares during the period. HighTower Advisors LLC boosted its stake in 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 worth $324,000 after buying an additional 10,071 shares during the period. Stifel Financial Corp boosted its stake in KKR Income Opportunities Fund by 46.8% during the third quarter. Stifel Financial Corp now owns 108,342 shares of the investment management company’s stock worth $1,599,000 after buying an additional 34,515 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of KKR Income Opportunities Fund by 8.4% during the third quarter. Rockefeller Capital Management L.P. now owns 64,834 shares of the investment management company’s stock valued at $957,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Plotkin Financial Advisors LLC purchased a new stake in shares of KKR Income Opportunities Fund in the 3rd quarter valued at approximately $191,000.

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.