Insider Buying: Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Purchases 12,400 Shares of Stock

Posted by Don Miller on Nov 23rd, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 12,400 shares of the 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 purchase, the insider now directly owns 1,887,834 shares of the company’s stock, valued at approximately $22,974,939.78. This trade represents a 0.66 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

On Thursday, November 14th, Saba Capital Management, L.P. acquired 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 shares were bought 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 shares were bought 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 shares were bought 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 shares were bought 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. bought 1,500 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average price of $12.09 per share, with a total value of $18,135.00.
On Friday, August 23rd, Saba Capital Management, L.P. bought 5,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average price of $12.15 per share, with a total value of $69,255.00.

Pioneer Municipal High Income Opportunities Fund Stock Performance

Shares of NYSE:MIO opened at $12.05 on Friday. Pioneer Municipal High Income Opportunities Fund, Inc. has a 1-year low of $9.99 and a 1-year high of $12.62. The company has a 50 day moving average price of $12.24 and a 200 day moving average price of $11.93.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

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

Institutional Trading of Pioneer Municipal High Income Opportunities Fund

A number of large investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC boosted its stake in 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 purchasing an additional 362,964 shares during the period. Sanctuary Advisors LLC acquired a new position in Pioneer Municipal High Income Opportunities Fund in the 2nd quarter worth approximately $388,000. Whitebox Advisors LLC boosted its stake in Pioneer Municipal High Income Opportunities Fund by 157.0% in the 2nd quarter. Whitebox Advisors LLC now owns 114,612 shares of the company’s stock worth $1,335,000 after purchasing an additional 70,022 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in Pioneer Municipal High Income Opportunities Fund by 82.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 24,065 shares of the company’s stock worth $280,000 after purchasing an additional 10,906 shares during the period. Finally, WMG Financial Advisors LLC acquired a new position in Pioneer Municipal High Income Opportunities Fund in the 2nd quarter worth approximately $117,000.