KKR Income Opportunities Fund (NYSE:KIO) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

KKR Income Opportunities Fund (NYSE:KIO)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $13.47 and traded as high as $13.57. KKR Income Opportunities Fund shares last traded at $13.44, with a volume of 158,238 shares traded.

KKR Income Opportunities Fund Price Performance

The company has a 50 day simple moving average of $13.47 and a 200-day simple moving average of $13.98.

KKR Income Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be issued a dividend of $0.1215 per share. This represents a $1.46 annualized dividend and a yield of 10.85%. The ex-dividend date of this dividend is Friday, January 10th.

Hedge Funds Weigh In On KKR Income Opportunities Fund

Several large investors have recently modified their holdings of the business. Stifel Financial Corp boosted its holdings in KKR Income Opportunities Fund by 46.8% in the 3rd quarter. Stifel Financial Corp now owns 108,342 shares of the investment management company’s stock worth $1,599,000 after buying an additional 34,515 shares during the period. HighTower Advisors LLC boosted its holdings in shares of KKR Income Opportunities Fund by 85.0% in the third quarter. HighTower Advisors LLC now owns 21,921 shares of the investment management company’s stock worth $324,000 after acquiring an additional 10,071 shares during the period. Plotkin Financial Advisors LLC purchased a new position in shares of KKR Income Opportunities Fund in the third quarter valued at $191,000. Rockefeller Capital Management L.P. raised its stake in shares of KKR Income Opportunities Fund by 8.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 64,834 shares of the investment management company’s stock valued at $957,000 after purchasing an additional 5,000 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in KKR Income Opportunities Fund during the 3rd quarter worth about $5,273,000.

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.