KKR Income Opportunities Fund (NYSE:KIO) Share Price Crosses Above Fifty Day Moving Average of $13.34

KKR Income Opportunities Fund (NYSE:KIO) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $13.34 and traded as high as $13.50. KKR Income Opportunities Fund shares last traded at $13.50, with a volume of 163,019 shares.

KKR Income Opportunities Fund Stock Up 0.5 %

The company’s fifty day moving average is $13.34 and its two-hundred day moving average is $12.68.

KKR Income Opportunities Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.1215 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.49 annualized dividend and a dividend yield of 3.60%.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC raised its position in shares of KKR Income Opportunities Fund by 0.8% in the 4th quarter. Capital Investment Advisors LLC now owns 180,096 shares of the investment management company’s stock valued at $2,264,000 after acquiring an additional 1,494 shares during the period. Verity Asset Management Inc. boosted its position in shares of KKR Income Opportunities Fund by 8.2% during the third quarter. Verity Asset Management Inc. now owns 19,831 shares of the investment management company’s stock worth $237,000 after purchasing an additional 1,499 shares in the last quarter. Joseph P. Lucia & Associates LLC increased its position in shares of KKR Income Opportunities Fund by 3.0% in the 1st quarter. Joseph P. Lucia & Associates LLC now owns 93,638 shares of the investment management company’s stock valued at $1,268,000 after buying an additional 2,760 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in KKR Income Opportunities Fund by 29.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 13,308 shares of the investment management company’s stock worth $159,000 after buying an additional 3,042 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in KKR Income Opportunities Fund by 4.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 104,321 shares of the investment management company’s stock worth $1,413,000 after acquiring an additional 4,496 shares in the last quarter.

KKR Income Opportunities Fund Company Profile

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.