KKR Income Opportunities Fund (NYSE:KIO) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

KKR Income Opportunities Fund (NYSE:KIO) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.82 and traded as low as $12.68. KKR Income Opportunities Fund shares last traded at $12.73, with a volume of 273,706 shares traded.

KKR Income Opportunities Fund Stock Performance

The business has a 50 day moving average of $13.14 and a two-hundred day moving average of $13.82.

KKR Income Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.1215 per share. The ex-dividend date is Friday, March 14th. This represents a $1.46 annualized dividend and a dividend yield of 11.46%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Guggenheim Capital LLC lifted its position 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 worth $7,600,000 after acquiring an additional 37,014 shares during the period. Penserra Capital Management LLC acquired a new position in KKR Income Opportunities Fund in the 3rd quarter worth approximately $5,273,000. Stifel Financial Corp raised its position in KKR Income Opportunities Fund by 68.5% during the 4th quarter. Stifel Financial Corp now owns 182,559 shares of the investment management company’s stock worth $2,443,000 after buying an additional 74,217 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of KKR Income Opportunities Fund by 29.9% in the 4th quarter. Wells Fargo & Company MN now owns 163,325 shares of the investment management company’s stock valued at $2,185,000 after acquiring an additional 37,634 shares during the last quarter. Finally, Joseph P. Lucia & Associates LLC increased its stake in shares of 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 worth $1,396,000 after acquiring an additional 4,853 shares during the period.

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.