KKR Income Opportunities Fund (NYSE:KIO) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

KKR Income Opportunities Fund (NYSE:KIO) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.00 and traded as low as $13.11. KKR Income Opportunities Fund shares last traded at $13.27, with a volume of 139,411 shares traded.

KKR Income Opportunities Fund Stock Performance

The stock’s 50-day moving average price is $13.58 and its 200-day moving average price is $14.00.

KKR Income Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a $0.1215 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.46 annualized dividend and a dividend yield of 10.99%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Creative Planning acquired a new position in shares of KKR Income Opportunities Fund in the third quarter valued at approximately $182,000. Plotkin Financial Advisors LLC bought a new stake in KKR Income Opportunities Fund in the 3rd quarter valued at about $191,000. Hennion & Walsh Asset Management Inc. grew its position in shares of KKR Income Opportunities Fund by 48.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 15,804 shares of the investment management company’s stock worth $233,000 after purchasing an additional 5,174 shares in the last quarter. PFG Investments LLC bought a new position in shares of KKR Income Opportunities Fund during the third quarter worth approximately $249,000. Finally, Commonwealth Equity Services LLC raised its position in shares of KKR Income Opportunities Fund by 9.5% in the second quarter. Commonwealth Equity Services LLC now owns 17,307 shares of the investment management company’s stock valued at $237,000 after buying an additional 1,498 shares in the last quarter.

KKR Income Opportunities Fund Company Profile

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.