KKR Income Opportunities Fund (NYSE:KIO) Shares Pass Below 200-Day Moving Average – Here’s Why

KKR Income Opportunities Fund (NYSE:KIO)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.37 and traded as low as $11.17. KKR Income Opportunities Fund shares last traded at $11.2250, with a volume of 237,863 shares.

KKR Income Opportunities Fund Stock Up 0.0%

The business has a 50 day moving average price of $11.21 and a 200 day moving average price of $11.36.

KKR Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a $0.1215 dividend. The ex-dividend date is Friday, September 11th. This represents a c) dividend on an annualized basis and a yield of 13.0%.

Institutional Trading of KKR Income Opportunities Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in KKR Income Opportunities Fund by 59.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock worth $34,000 after buying an additional 1,103 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of KKR Income Opportunities Fund by 2.9% during the third quarter. Envestnet Asset Management Inc. now owns 47,572 shares of the investment management company’s stock valued at $599,000 after buying an additional 1,358 shares during the last quarter. Aviance Capital Partners LLC increased its position in shares of KKR Income Opportunities Fund by 4.4% during the fourth quarter. Aviance Capital Partners LLC now owns 39,499 shares of the investment management company’s stock valued at $458,000 after acquiring an additional 1,660 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of KKR Income Opportunities Fund by 4.5% during the second quarter. NewEdge Advisors LLC now owns 47,517 shares of the investment management company’s stock valued at $597,000 after acquiring an additional 2,051 shares in the last quarter. Finally, Cresset Asset Management LLC raised its holdings in KKR Income Opportunities Fund by 15.2% in the 3rd quarter. Cresset Asset Management LLC now owns 15,938 shares of the investment management company’s stock worth $201,000 after acquiring an additional 2,100 shares during 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.