KKR Income Opportunities Fund (NYSE:KIO) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

KKR Income Opportunities Fund (NYSE:KIO) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.11 and traded as high as $11.37. KKR Income Opportunities Fund shares last traded at $11.3550, with a volume of 152,108 shares trading hands.

KKR Income Opportunities Fund Trading Up 0.4%

The company has a fifty day simple moving average of $11.11 and a two-hundred day simple moving average of $11.40.

KKR Income Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.1215 per share. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date is Friday, June 12th.

Hedge Funds Weigh In On KKR Income Opportunities Fund

A number of institutional investors have recently made changes to their positions in KIO. EverSource Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 1,103 shares during the period. Blue Trust Inc. increased its stake in shares of KKR Income Opportunities Fund by 10,475.0% in the fourth quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock worth $74,000 after purchasing an additional 6,285 shares during the period. Kestra Advisory Services LLC bought a new position in shares of KKR Income Opportunities Fund in the fourth quarter worth about $88,000. Anfield Capital Management LLC bought a new position in shares of KKR Income Opportunities Fund in the third quarter worth about $100,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of KKR Income Opportunities Fund in the first quarter worth about $112,000.

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.