KKR Income Opportunities Fund (NYSE:KIO) Stock Price Passes Below 200 Day Moving Average – Here’s Why

KKR Income Opportunities Fund (NYSE:KIO)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.25 and traded as low as $11.01. KKR Income Opportunities Fund shares last traded at $11.0650, with a volume of 149,614 shares.

KKR Income Opportunities Fund Stock Performance

The stock has a 50-day moving average of $11.22 and a 200-day moving average of $11.25.

KKR Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.1215 per share. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend is Friday, September 11th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in KKR Income Opportunities Fund by 59.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,971 shares of the investment management company’s stock valued at $34,000 after acquiring an additional 1,103 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of KKR Income Opportunities Fund by 2.9% during the third quarter. Envestnet Asset Management Inc. now owns 47,572 shares of the investment management company’s stock valued at $599,000 after buying an additional 1,358 shares in the last quarter. Aviance Capital Partners LLC grew its stake in KKR Income Opportunities Fund by 4.4% during the 4th quarter. Aviance Capital Partners LLC now owns 39,499 shares of the investment management company’s stock valued at $458,000 after acquiring an additional 1,660 shares in the last quarter. NewEdge Advisors LLC increased its stake in KKR Income Opportunities Fund by 4.5% in the 2nd quarter. NewEdge Advisors LLC now owns 47,517 shares of the investment management company’s stock valued at $597,000 after buying an additional 2,051 shares during the period. Finally, Cresset Asset Management LLC grew its holdings in shares of KKR Income Opportunities Fund by 15.2% during the 3rd quarter. Cresset Asset Management LLC now owns 15,938 shares of the investment management company’s stock valued at $201,000 after acquiring an additional 2,100 shares in the last quarter.

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.