Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Saba Capital Management, L.P. Acquires 5,253 Shares

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) major shareholder Saba Capital Management, L.P. bought 5,253 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of $12.14 per share, with a total value of $63,771.42. Following the acquisition, the insider now owns 1,850,835 shares in the company, valued at approximately $22,469,136.90. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, October 31st, Saba Capital Management, L.P. purchased 2,461 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.08 per share, with a total value of $29,728.88.
• On Tuesday, October 29th, Saba Capital Management, L.P. purchased 10,567 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were 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. bought 1,500 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average cost 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 purchased at an average cost of $12.15 per share, with a total value of $69,255.00.
• On Wednesday, August 21st, Saba Capital Management, L.P. bought 11,768 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average cost of $12.12 per share, with a total value of $142,628.16.
• On Monday, August 12th, Saba Capital Management, L.P. purchased 12,078 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.09 per share, for a total transaction of $146,023.02.
• On Wednesday, August 7th, Saba Capital Management, L.P. acquired 21,537 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average price of $12.12 per share, for a total transaction of $261,028.44.

Pioneer Municipal High Income Opportunities Fund Stock Up 1.2 %

Pioneer Municipal High Income Opportunities Fund stock opened at $11.96 on Friday. Pioneer Municipal High Income Opportunities Fund, Inc. has a 52 week low of $9.79 and a 52 week high of $12.62. The business’s 50-day moving average price is $12.27 and its 200 day moving average price is $11.86.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Whitebox Advisors LLC lifted its position 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 worth $1,335,000 after buying an additional 70,022 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the second quarter valued at about $388,000. Blue Bell Private Wealth Management LLC grew 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 valued at $280,000 after purchasing an additional 10,906 shares during the period. Prudent Investors Network Inc. purchased a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the first quarter valued at about $117,000. Finally, WMG Financial Advisors LLC purchased a new position in Pioneer Municipal High Income Opportunities Fund during the second quarter worth about $117,000.