KKR Income Opportunities Fund (KIO) Reaches New 1-Year Low at $14.95

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.

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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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