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

KKR Income Opportunities Fund (NYSE:KIO) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.12 and traded as low as $10.61. KKR Income Opportunities Fund shares last traded at $10.6550, with a volume of 208,584 shares trading hands.

KKR Income Opportunities Fund Stock Down 0.7%

The company’s 50 day moving average price is $11.03 and its two-hundred day moving average price is $11.12.

KKR Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Friday, December 11th will be paid a dividend of $0.1215 per share. This represents a c) annualized dividend and a dividend yield of 13.7%. The ex-dividend date is Friday, December 11th.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in KKR Income Opportunities Fund by 4.3% during the first quarter. Janney Montgomery Scott LLC now owns 469,778 shares of the investment management company’s stock valued at $5,168,000 after purchasing an additional 19,288 shares during the period. Bank of America Corp DE bought a new stake in KKR Income Opportunities Fund during the 2nd quarter worth approximately $3,919,000. Rareview Capital LLC increased its stake in shares of KKR Income Opportunities Fund by 10.1% in the second quarter. Rareview Capital LLC now owns 198,863 shares of the investment management company’s stock worth $2,239,000 after purchasing an additional 18,251 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of KKR Income Opportunities Fund by 3.2% during the 4th quarter. J.W. Cole Advisors Inc. now owns 101,635 shares of the investment management company’s stock valued at $1,178,000 after buying an additional 3,187 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC purchased a new stake in KKR Income Opportunities Fund in the 2nd quarter worth $1,126,000.

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.