Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Saba Capital Management, L.P. Purchases 3,700 Shares

Posted by Michael Baxter on Nov 28th, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 3,700 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average cost of $12.10 per share, with a total value of $44,770.00. Following the transaction, the insider now directly owns 1,906,899 shares in the company, valued at $23,073,477.90. The trade was a 0.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large 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 21st, Saba Capital Management, L.P. acquired 8,760 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.05 per share, with a total value of $105,558.00.
On Tuesday, November 19th, Saba Capital Management, L.P. acquired 12,400 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.17 per share, with a total value of $150,908.00.
On Thursday, November 14th, Saba Capital Management, L.P. acquired 8,561 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.21 per share, with a total value 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 shares were acquired at an average cost of $12.14 per share, with a total value 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 purchased at an average price of $12.14 per share, with a total value 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 shares were purchased 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. bought 10,567 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $12.01 per share, with a total value 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 stock was acquired at an average cost of $12.09 per share, for a total transaction of $18,135.00.

Pioneer Municipal High Income Opportunities Fund Stock Up 1.3 %

NYSE:MIO opened at $12.28 on Thursday. The company has a 50-day moving average of $12.22 and a 200-day moving average of $11.96. Pioneer Municipal High Income Opportunities Fund, Inc. has a 52 week low of $9.99 and a 52 week high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Investors Weigh In On Pioneer Municipal High Income Opportunities Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC raised its holdings in shares of Pioneer Municipal High Income Opportunities Fund by 48.0% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,118,669 shares of the company’s stock worth $13,871,000 after buying an additional 362,964 shares in the last quarter. Whitebox Advisors LLC grew its position in Pioneer Municipal High Income Opportunities Fund by 157.0% in the second quarter. Whitebox Advisors LLC now owns 114,612 shares of the company’s stock valued at $1,335,000 after acquiring an additional 70,022 shares during the period. Sanctuary Advisors LLC acquired a new position in Pioneer Municipal High Income Opportunities Fund during the second quarter worth $388,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 10,906 shares during the period. Finally, WMG Financial Advisors LLC bought a new position in shares of Pioneer Municipal High Income Opportunities Fund during the second quarter valued at $117,000.