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

KKR Income Opportunities Fund (NYSE:KIO) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.27 and traded as high as $11.38. KKR Income Opportunities Fund shares last traded at $11.3630, with a volume of 225,375 shares trading hands.

KKR Income Opportunities Fund Stock Performance

The company has a 50 day simple moving average of $11.27 and a 200-day simple moving average of $11.32.

KKR Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a dividend of $0.1215 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend is Friday, September 11th.

Institutional Trading of KKR Income Opportunities Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in shares of KKR Income Opportunities Fund by 59.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock worth $34,000 after acquiring an additional 1,103 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of KKR Income Opportunities Fund by 10,475.0% in the 4th quarter. Blue Trust Inc. now owns 6,345 shares of the investment management company’s stock valued at $74,000 after purchasing an additional 6,285 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of KKR Income Opportunities Fund in the 4th quarter valued at $88,000. Allspring Global Investments Holdings LLC bought a new position in shares of KKR Income Opportunities Fund during the 1st quarter valued at $112,000. Finally, Marex Group plc bought a new position in shares of KKR Income Opportunities Fund during the 4th quarter valued at $117,000.

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.