Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Saba Capital Management, L.P. Buys 8,760 Shares of Stock

Posted by Andrew Walz on Nov 26th, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 8,760 shares of the stock in a transaction dated Thursday, November 21st. The stock was bought at an average cost of $12.05 per share, with a total value of $105,558.00. Following the transaction, the insider now owns 1,896,824 shares in the company, valued at $22,856,729.20. The trade was a 0.46 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

On Tuesday, November 19th, Saba Capital Management, L.P. bought 12,400 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased 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. purchased 8,561 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased 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 stock was acquired at an average cost of $12.14 per share, for a total transaction of $20,152.40.
On Monday, November 4th, Saba Capital Management, L.P. bought 5,253 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost 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 acquired at an average cost 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 acquired 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 bought at an average price of $12.09 per share, with a total value of $18,135.00.

Pioneer Municipal High Income Opportunities Fund Price Performance

MIO opened at $12.04 on Tuesday. Pioneer Municipal High Income Opportunities Fund, Inc. has a twelve month low of $9.99 and a twelve month high of $12.62. The firm has a 50 day moving average price of $12.22 and a 200-day moving average price of $11.95.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

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

Institutional Trading of Pioneer Municipal High Income Opportunities Fund

Several large investors have recently modified their holdings of the company. WMG Financial Advisors LLC bought a new stake in shares of Pioneer Municipal High Income Opportunities Fund during the 2nd quarter valued at about $117,000. Prudent Investors Network Inc. purchased a new position in shares of Pioneer Municipal High Income Opportunities Fund in the first quarter worth approximately $117,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Pioneer Municipal High Income Opportunities Fund by 82.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 24,065 shares of the company’s stock worth $280,000 after buying an additional 10,906 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Pioneer Municipal High Income Opportunities Fund during the second quarter valued at approximately $388,000. Finally, Whitebox Advisors LLC increased its holdings in Pioneer Municipal High Income Opportunities Fund by 157.0% during the second quarter. Whitebox Advisors LLC now owns 114,612 shares of the company’s stock valued at $1,335,000 after buying an additional 70,022 shares during the last quarter.