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

KKR Income Opportunities Fund (NYSE:KIO) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.16 and traded as low as $11.30. KKR Income Opportunities Fund shares last traded at $11.34, with a volume of 205,556 shares changing hands.

KKR Income Opportunities Fund Stock Performance

The firm has a 50-day moving average price of $12.22 and a two-hundred day moving average price of $13.12.

KKR Income Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.1215 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 12.79%. The ex-dividend date of this dividend is Friday, June 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Guggenheim Capital LLC lifted its stake in KKR Income Opportunities Fund by 7.0% during the 4th quarter. Guggenheim Capital LLC now owns 567,989 shares of the investment management company’s stock valued at $7,600,000 after acquiring an additional 37,014 shares during the period. Bank of America Corp DE increased its position in shares of KKR Income Opportunities Fund by 3.1% during the fourth quarter. Bank of America Corp DE now owns 287,895 shares of the investment management company’s stock valued at $3,852,000 after acquiring an additional 8,537 shares during the last quarter. Stifel Financial Corp lifted its position in shares of 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 worth $2,443,000 after purchasing an additional 74,217 shares in the last quarter. Wells Fargo & Company MN lifted its stake in KKR Income Opportunities Fund by 29.9% in the fourth quarter. Wells Fargo & Company MN now owns 163,325 shares of the investment management company’s stock worth $2,185,000 after acquiring an additional 37,634 shares during the last quarter. Finally, Joseph P. Lucia & Associates LLC increased its stake in KKR Income Opportunities Fund by 4.9% in the fourth quarter. Joseph P. Lucia & Associates LLC now owns 104,300 shares of the investment management company’s stock valued at $1,396,000 after purchasing an additional 4,853 shares during the last quarter.

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.