KKR Income Opportunities Fund (NYSE:KIO) Shares Cross Below 200 Day Moving Average – Should You Sell?

Shares of KKR Income Opportunities Fund (NYSE:KIO) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.01 and traded as low as $13.39. KKR Income Opportunities Fund shares last traded at $13.44, with a volume of 78,594 shares trading hands.

KKR Income Opportunities Fund Stock Up 0.2 %

The firm has a 50 day simple moving average of $14.28 and a 200-day simple moving average of $14.01.

KKR Income Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.1215 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 10.85%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Investors Weigh In On KKR Income Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in shares of KKR Income Opportunities Fund by 17.3% during the first quarter. Advisors Asset Management Inc. now owns 442,350 shares of the investment management company’s stock worth $5,989,000 after purchasing an additional 65,197 shares in the last quarter. Cetera Advisors LLC purchased a new stake in KKR Income Opportunities Fund in the first quarter valued at about $574,000. Simplicity Wealth LLC purchased a new stake in KKR Income Opportunities Fund in the second quarter valued at about $1,029,000. Hennion & Walsh Asset Management Inc. acquired a new stake in KKR Income Opportunities Fund in the second quarter worth about $146,000. Finally, Joseph P. Lucia & Associates LLC grew its stake in shares of KKR Income Opportunities Fund by 2.8% during the second quarter. Joseph P. Lucia & Associates LLC now owns 96,280 shares of the investment management company’s stock worth $1,319,000 after acquiring an additional 2,642 shares during the last quarter.

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.