KKR Income Opportunities Fund (NYSE:KIO) Stock Passes Above 50 Day Moving Average of $13.25

KKR Income Opportunities Fund (NYSE:KIO) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $13.25 and traded as high as $13.40. KKR Income Opportunities Fund shares last traded at $13.39, with a volume of 95,203 shares trading hands.

KKR Income Opportunities Fund Stock Performance

The business has a 50 day simple moving average of $13.27 and a 200-day simple moving average of $12.58.

KKR Income Opportunities Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.1215 per share. The ex-dividend date is Friday, June 14th. This represents a $0.49 annualized dividend and a dividend yield of 3.65%.

Institutional Investors Weigh In On KKR Income Opportunities Fund

Several institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its position in KKR Income Opportunities Fund by 71.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 276,967 shares of the investment management company’s stock worth $3,313,000 after purchasing an additional 115,693 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in shares of KKR Income Opportunities Fund by 0.8% in the fourth 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 in the last quarter. Kovack Advisors Inc. increased its position in shares of KKR Income Opportunities Fund by 61.3% during the fourth quarter. Kovack Advisors Inc. now owns 70,703 shares of the investment management company’s stock valued at $889,000 after acquiring an additional 26,868 shares during the last quarter. Virtus ETF Advisers LLC bought a new stake in KKR Income Opportunities Fund during the third quarter worth $734,000. Finally, Westchester Capital Management LLC purchased a new position in KKR Income Opportunities Fund in the third quarter worth $694,000.

About KKR Income Opportunities Fund

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.