Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Acquires $150,908.00 in Stock

Posted by William Tyler on Nov 24th, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 12,400 shares of Pioneer Municipal High Income Opportunities Fund stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of $12.17 per share, for a total transaction of $150,908.00. Following the completion of the transaction, the insider now owns 1,887,834 shares in the company, valued at $22,974,939.78. The trade was a 0.66 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Thursday, November 14th, Saba Capital Management, L.P. purchased 8,561 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average price of $12.21 per share, for a total transaction of $104,529.81.
On Monday, November 11th, Saba Capital Management, L.P. acquired 1,660 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.14 per share, for a total transaction of $20,152.40.
On Monday, November 4th, Saba Capital Management, L.P. acquired 5,253 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.14 per share, for a total transaction of $63,771.42.
On Thursday, October 31st, Saba Capital Management, L.P. acquired 2,461 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.08 per share, for a total transaction of $29,728.88.
On Tuesday, October 29th, Saba Capital Management, L.P. acquired 10,567 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.01 per share, for a total transaction of $126,909.67.
On Wednesday, August 28th, Saba Capital Management, L.P. purchased 1,500 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $12.09 per share, for a total transaction of $18,135.00.
On Friday, August 23rd, Saba Capital Management, L.P. purchased 5,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $12.15 per share, for a total transaction of $69,255.00.

Pioneer Municipal High Income Opportunities Fund Stock Performance

NYSE MIO opened at $12.05 on Friday. Pioneer Municipal High Income Opportunities Fund, Inc. has a twelve month low of $9.99 and a twelve month high of $12.62. The stock’s 50 day moving average is $12.23 and its 200 day moving average is $11.94.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 4.98%.

Institutional Investors Weigh In On Pioneer Municipal High Income Opportunities Fund

Hedge funds have recently made changes to their positions in the company. WMG Financial Advisors LLC bought a new stake in shares of Pioneer Municipal High Income Opportunities Fund during the second quarter valued at approximately $117,000. Prudent Investors Network Inc. purchased a new position in Pioneer Municipal High Income Opportunities Fund during the first quarter valued at $117,000. Blue Bell Private Wealth Management LLC raised its stake in Pioneer Municipal High Income Opportunities Fund by 82.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 24,065 shares of the company’s stock valued at $280,000 after buying an additional 10,906 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Pioneer Municipal High Income Opportunities Fund during the second quarter valued at $388,000. Finally, Whitebox Advisors LLC purchased a new position in Pioneer Municipal High Income Opportunities Fund during the first quarter valued at $504,000.