KKR Income Opportunities Fund (NYSE:KIO)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $14.95 and last traded at $14.98, with a volume of 2108 shares traded. The stock had previously closed at $15.24.
The firm also recently declared a monthly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.50 annualized dividend and a dividend yield of 9.97%.
Several hedge funds have recently added to or reduced their stakes in KIO. First Trust Advisors LP grew its stake in shares of KKR Income Opportunities Fund by 89.7% in the second quarter. First Trust Advisors LP now owns 290,017 shares of the investment management company’s stock valued at $4,803,000 after acquiring an additional 137,168 shares in the last quarter. Shaker Financial Services LLC acquired a new position in shares of KKR Income Opportunities Fund in the third quarter valued at about $1,518,000. Bank of America Corp DE grew its stake in shares of KKR Income Opportunities Fund by 47.7% in the second quarter. Bank of America Corp DE now owns 201,711 shares of the investment management company’s stock valued at $3,340,000 after acquiring an additional 65,178 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of KKR Income Opportunities Fund in the third quarter valued at about $1,024,000. Finally, MML Investors Services LLC grew its stake in shares of KKR Income Opportunities Fund by 118.6% in the third quarter. MML Investors Services LLC now owns 79,484 shares of the investment management company’s stock valued at $1,304,000 after acquiring an additional 43,129 shares in the last quarter.
TRADEMARK VIOLATION WARNING: This report was first reported by Stock Observer and is owned by of Stock Observer. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.thestockobserver.com/2018/12/08/kkr-income-opportunities-fund-kio-reaches-new-1-year-low-at-14-95.html.
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.
Featured Article: How to use beta for portfolio diversification
Receive News & Ratings for KKR Income Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR Income Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.