KKR Income Opportunities Fund (NYSE:KIO) Stock Price Crosses Above 200 Day Moving Average of $0.00

KKR Income Opportunities Fund (NYSE:KIO) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $15.80. KKR Income Opportunities Fund shares last traded at $15.80, with a volume of 500 shares trading hands.

The firm’s 50-day moving average is $15.68.

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.125 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.50 annualized dividend and a dividend yield of 9.54%.

An institutional investor recently raised its position in KKR Income Opportunities Fund stock. First Trust Advisors LP increased its position in KKR Income Opportunities Fund (NYSE:KIO) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 296,712 shares of the investment management company’s stock after purchasing an additional 14,598 shares during the quarter. First Trust Advisors LP’s holdings in KKR Income Opportunities Fund were worth $4,593,000 at the end of the most recent quarter.

KKR Income Opportunities Fund Company Profile (NYSE:KIO)

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.

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