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

Shares of KKR Income Opportunities Fund (NYSE:KIO) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.33 and traded as low as $11.32. KKR Income Opportunities Fund shares last traded at $11.3650, with a volume of 174,239 shares changing hands.

KKR Income Opportunities Fund Price Performance

The stock’s 50 day moving average is $11.25 and its two-hundred day moving average is $11.33.

KKR Income Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a $0.1215 dividend. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date is Friday, September 11th.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Large investors have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in KKR Income Opportunities Fund by 7.4% during the first quarter. Royal Bank of Canada now owns 87,365 shares of the investment management company’s stock worth $1,074,000 after buying an additional 6,007 shares during the last quarter. NewEdge Advisors LLC increased its holdings in KKR Income Opportunities Fund by 9.2% during the 1st quarter. NewEdge Advisors LLC now owns 45,466 shares of the investment management company’s stock valued at $559,000 after purchasing an additional 3,844 shares in the last quarter. Cetera Investment Advisers increased its holdings in KKR Income Opportunities Fund by 15.6% during the 2nd quarter. Cetera Investment Advisers now owns 51,448 shares of the investment management company’s stock valued at $646,000 after purchasing an additional 6,925 shares in the last quarter. Baird Financial Group Inc. raised its position in KKR Income Opportunities Fund by 12.1% in the 2nd quarter. Baird Financial Group Inc. now owns 41,236 shares of the investment management company’s stock valued at $518,000 after purchasing an additional 4,450 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in KKR Income Opportunities Fund by 17.9% in the second quarter. Raymond James Financial Inc. now owns 108,124 shares of the investment management company’s stock worth $1,358,000 after purchasing an additional 16,378 shares in the last quarter.

KKR Income Opportunities Fund Company Profile

KKR Income Opportunities Fund (NYSE: KIO) is a diversified, closed-end management investment company that seeks to provide attractive current income and capital appreciation by investing primarily in corporate credit instruments. Managed by KKR Income Opportunities Advisors, LLC, the fund leverages the global credit platform of KKR & Co Inc, deploying capital across a broad spectrum of debt securities—including broadly syndicated loans, high-yield bonds, convertible bonds, private credit, and other credit-related instruments.

Since its initial public offering in June 2018, the fund has pursued a flexible, research-driven strategy designed to capture opportunities across credit markets.