KKR Income Opportunities Fund (NYSE:KIO) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

KKR Income Opportunities Fund (NYSE:KIO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.01 and traded as low as $13.66. KKR Income Opportunities Fund shares last traded at $13.68, with a volume of 127,396 shares traded.

KKR Income Opportunities Fund Stock Performance

The firm has a 50 day moving average of $14.41 and a two-hundred day moving average of $14.01.

KKR Income Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.1215 dividend. This represents a $1.46 annualized dividend and a dividend yield of 10.66%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Several hedge funds and other institutional investors have recently bought and sold shares of KIO. Hennion & Walsh Asset Management Inc. purchased a new position in shares of KKR Income Opportunities Fund during the second quarter worth about $146,000. Creative Planning acquired a new stake in shares of KKR Income Opportunities Fund in the 3rd quarter valued at about $182,000. PFG Investments LLC purchased a new position in KKR Income Opportunities Fund during the 3rd quarter worth approximately $249,000. Commonwealth Equity Services LLC increased its position in KKR Income Opportunities Fund by 9.5% during the second quarter. Commonwealth Equity Services LLC now owns 17,307 shares of the investment management company’s stock worth $237,000 after buying an additional 1,498 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its stake in KKR Income Opportunities Fund by 4.8% in the third quarter. SeaCrest Wealth Management LLC now owns 23,532 shares of the investment management company’s stock valued at $347,000 after buying an additional 1,074 shares during the last quarter.

About KKR Income Opportunities Fund

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.