KKR Income Opportunities Fund (NYSE:KIO) Stock Price Down 0.1% – Time to Sell?

KKR Income Opportunities Fund (NYSE:KIO) shares fell 0.1% during trading on Thursday . The company traded as low as $13.60 and last traded at $13.60. 90,311 shares changed hands during trading, a decline of 30% from the average session volume of 129,230 shares. The stock had previously closed at $13.62.

KKR Income Opportunities Fund Stock Performance

The business has a 50 day moving average price of $13.88 and a 200 day moving average price of $14.01.

KKR Income Opportunities Fund Dividend Announcement

The firm 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 $0.1215 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.46 dividend on an annualized basis and a yield of 10.72%.

Institutional Trading of KKR Income Opportunities Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. bought a new stake in shares of KKR Income Opportunities Fund during the second quarter valued at approximately $146,000. Joseph P. Lucia & Associates LLC increased its holdings in KKR Income Opportunities Fund by 2.8% during the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 96,280 shares of the investment management company’s stock worth $1,319,000 after purchasing an additional 2,642 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in KKR Income Opportunities Fund by 7.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 112,377 shares of the investment management company’s stock valued at $1,540,000 after purchasing an additional 8,056 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of KKR Income Opportunities Fund by 9.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 17,307 shares of the investment management company’s stock worth $237,000 after buying an additional 1,498 shares during the period. Finally, Creative Planning bought a new position in shares of KKR Income Opportunities Fund during the 3rd quarter worth $182,000.

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.