KKR Income Opportunities Fund (NYSE:KIO) Shares Cross Below 200-Day Moving Average – What’s Next?

KKR Income Opportunities Fund (NYSE:KIO) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.44 and traded as low as $12.28. KKR Income Opportunities Fund shares last traded at $12.33, with a volume of 164,223 shares changing hands.

KKR Income Opportunities Fund Price Performance

The firm’s 50-day simple moving average is $12.59 and its 200-day simple moving average is $13.44.

KKR Income Opportunities Fund Announces Dividend

The firm 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 $0.1215 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 11.83%. The ex-dividend date is Friday, June 13th.

Institutional Investors Weigh In On KKR Income Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of KIO. Guggenheim Capital LLC increased its holdings in KKR Income Opportunities Fund by 7.0% in the 4th quarter. Guggenheim Capital LLC now owns 567,989 shares of the investment management company’s stock worth $7,600,000 after buying an additional 37,014 shares during the period. Bank of America Corp DE grew its holdings in 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 worth $3,852,000 after acquiring an additional 8,537 shares during the period. Stifel Financial Corp raised its position in 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 valued at $2,443,000 after acquiring an additional 74,217 shares in the last quarter. Wells Fargo & Company MN lifted its holdings 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 valued at $2,185,000 after acquiring an additional 37,634 shares during the period. Finally, Joseph P. Lucia & Associates LLC lifted its holdings 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 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.