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

KKR Income Opportunities Fund (NYSE:KIO) shares 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 firm’s 50 day moving average price is $13.27 and its two-hundred day moving average price is $12.58.

KKR Income Opportunities Fund Dividend Announcement

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

Institutional Trading of KKR Income Opportunities Fund

Hedge funds have recently modified their holdings of the stock. PFG Investments LLC bought a new stake in KKR Income Opportunities Fund in the 1st quarter valued at $154,000. Commonwealth Equity Services LLC boosted its position in shares of KKR Income Opportunities Fund by 29.6% in the third quarter. Commonwealth Equity Services LLC now owns 13,308 shares of the investment management company’s stock valued at $159,000 after acquiring an additional 3,042 shares during the period. Mission Wealth Management LP acquired a new position in shares of KKR Income Opportunities Fund in the third quarter valued at about $191,000. Aristides Capital LLC bought a new position in KKR Income Opportunities Fund during the fourth quarter worth about $196,000. Finally, Verity Asset Management Inc. increased its position in KKR Income Opportunities Fund by 8.2% during the third quarter. Verity Asset Management Inc. now owns 19,831 shares of the investment management company’s stock worth $237,000 after acquiring an additional 1,499 shares during the period.

KKR Income Opportunities Fund Company Profile

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.