Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Buys $44,770.00 in Stock

Posted by Tyrone Williams on Nov 26th, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 3,700 shares of the business’s stock in a transaction on Monday, November 25th. The stock was acquired at an average price of $12.10 per share, for a total transaction of $44,770.00. Following the completion of the purchase, the insider now owns 1,906,899 shares of the company’s stock, valued at $23,073,477.90. This represents a 0.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% 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. purchased 8,760 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.05 per share, for a total transaction of $105,558.00.
On Tuesday, November 19th, Saba Capital Management, L.P. purchased 12,400 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.17 per share, for a total transaction of $150,908.00.
On Thursday, November 14th, Saba Capital Management, L.P. bought 8,561 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased 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. bought 1,660 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased 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. bought 5,253 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased 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. purchased 2,461 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was 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. purchased 10,567 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was 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. 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, for a total transaction of $18,135.00.

Pioneer Municipal High Income Opportunities Fund Stock Performance

MIO stock traded up $0.05 during trading on Tuesday, hitting $12.09. The company had a trading volume of 5,611 shares, compared to its average volume of 35,697. Pioneer Municipal High Income Opportunities Fund, Inc. has a 1-year low of $9.99 and a 1-year 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 firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Investors Weigh In On Pioneer Municipal High Income Opportunities Fund

Institutional investors have recently added to or reduced their stakes in the business. Whitebox Advisors LLC boosted its holdings 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 valued at $1,335,000 after purchasing an additional 70,022 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings 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 valued at $280,000 after purchasing an additional 10,906 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Pioneer Municipal High Income Opportunities Fund in the 2nd quarter valued at approximately $388,000. Rivernorth Capital Management LLC boosted its holdings 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 valued at $13,871,000 after purchasing an additional 362,964 shares in the last quarter. Finally, WMG Financial Advisors LLC purchased a new stake in shares of Pioneer Municipal High Income Opportunities Fund during the 2nd quarter worth approximately $117,000.