KKR Income Opportunities Fund (NYSE:KIO) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

KKR Income Opportunities Fund (NYSE:KIO) passed 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 trading hands.

KKR Income Opportunities Fund Stock Down 0.7 %

The business’s fifty day simple moving average is $13.42 and its 200-day simple moving average is $13.99.

KKR Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be issued a $0.1215 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.46 dividend on an annualized basis and a yield of 10.89%.

Institutional Trading of KKR Income Opportunities Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased 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 last quarter. Creative Planning bought a new stake in shares of KKR Income Opportunities Fund in the 3rd quarter worth about $182,000. SeaCrest Wealth Management LLC increased its holdings in shares of 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 buying an additional 1,074 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of KKR Income Opportunities Fund by 48.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 15,804 shares of the investment management company’s stock worth $233,000 after buying an additional 5,174 shares during the last quarter. Finally, PFG Investments LLC bought a new stake in shares of KKR Income Opportunities Fund in the 3rd quarter worth about $249,000.

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.