KKR Income Opportunities Fund (NYSE:KIO) Share Price Passes Below 50 Day Moving Average of $12.98

Shares of KKR Income Opportunities Fund (NYSE:KIOGet Rating) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $12.98 and traded as low as $11.68. KKR Income Opportunities Fund shares last traded at $11.74, with a volume of 102,125 shares traded.

The firm’s 50-day simple moving average is $12.98 and its 200 day simple moving average is $14.56.

The firm also recently declared a monthly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be given a $0.105 dividend. This represents a $1.26 annualized dividend and a dividend yield of 10.78%. The ex-dividend date of this dividend is Thursday, July 14th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sage Rhino Capital LLC raised its position in shares of KKR Income Opportunities Fund by 0.5% in the first quarter. Sage Rhino Capital LLC now owns 253,722 shares of the investment management company’s stock valued at $3,661,000 after purchasing an additional 1,325 shares during the period. MML Investors Services LLC grew its stake in KKR Income Opportunities Fund by 2.5% during the third quarter. MML Investors Services LLC now owns 58,688 shares of the investment management company’s stock valued at $961,000 after acquiring an additional 1,405 shares in the last quarter. Capital Investment Advisors LLC grew its stake in KKR Income Opportunities Fund by 1.7% during the first quarter. Capital Investment Advisors LLC now owns 94,731 shares of the investment management company’s stock valued at $1,367,000 after acquiring an additional 1,566 shares in the last quarter. Summit X LLC grew its stake in KKR Income Opportunities Fund by 5.3% during the fourth quarter. Summit X LLC now owns 43,656 shares of the investment management company’s stock valued at $740,000 after acquiring an additional 2,182 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in KKR Income Opportunities Fund by 21.6% during the first quarter. Oppenheimer & Co. Inc. now owns 14,050 shares of the investment management company’s stock valued at $203,000 after acquiring an additional 2,500 shares in the last quarter.

KKR Income Opportunities Fund Company Profile (NYSE:KIO)

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.

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