KKR Income Opportunities Fund (KIO) Reaches New 1-Year Low at $15.32
Shares of KKR Income Opportunities Fund (NYSE:KIO) reached a new 52-week low on Monday . The stock traded as low as $15.32 and last traded at $15.33, with a volume of 936 shares changing hands. The stock had previously closed at $15.56.
The firm also recently announced a monthly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a $0.125 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.50 dividend on an annualized basis and a yield of 9.73%.
Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. purchased a new stake in KKR Income Opportunities Fund in the second quarter worth $181,000. Vanguard Capital Wealth Advisors purchased a new stake in KKR Income Opportunities Fund in the third quarter worth $203,000. LPL Financial LLC increased its stake in KKR Income Opportunities Fund by 46.3% in the first quarter. LPL Financial LLC now owns 18,755 shares of the investment management company’s stock worth $298,000 after purchasing an additional 5,938 shares during the period. Doliver Capital Advisors LP purchased a new stake in KKR Income Opportunities Fund in the third quarter worth $345,000. Finally, Raymond James & Associates purchased a new stake in KKR Income Opportunities Fund in the second quarter worth $365,000.
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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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