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

KKR Income Opportunities Fund (NYSE:KIO) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.22 and traded as low as $10.92. KKR Income Opportunities Fund shares last traded at $10.96, with a volume of 136,892 shares trading hands.

KKR Income Opportunities Fund Stock Performance

The business has a 50-day moving average price of $11.17 and a 200 day moving average price of $11.22.

KKR Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be given a $0.1215 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 13.3%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of KKR Income Opportunities Fund by 7.4% in the first quarter. Royal Bank of Canada now owns 87,365 shares of the investment management company’s stock worth $1,074,000 after acquiring an additional 6,007 shares during the period. NewEdge Advisors LLC raised its stake in shares of 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 during the period. Cetera Investment Advisers raised its stake in shares of 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 during the period. Baird Financial Group Inc. raised its stake in shares of KKR Income Opportunities Fund by 12.1% during 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 period. Finally, Raymond James Financial Inc. lifted its holdings in KKR Income Opportunities Fund by 17.9% during the 2nd 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.