Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Saba Capital Management, L.P. Buys 2,461 Shares of Stock

Posted by KOP Source Staff on Nov 5th, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 2,461 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average price of $12.08 per share, with a total value of $29,728.88. Following the completion of the acquisition, the insider now directly owns 1,845,582 shares of the company’s stock, valued at $22,294,630.56. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more 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 Tuesday, October 29th, Saba Capital Management, L.P. bought 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. purchased 1,500 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought 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. acquired 5,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average cost of $12.15 per share, for a total transaction 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 bought 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 stock was purchased 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. bought 21,537 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $12.12 per share, for a total transaction of $261,028.44.

Pioneer Municipal High Income Opportunities Fund Price Performance

Pioneer Municipal High Income Opportunities Fund stock opened at $12.12 on Tuesday. Pioneer Municipal High Income Opportunities Fund, Inc. has a fifty-two week low of $9.64 and a fifty-two week high of $12.62. The firm has a fifty day moving average price of $12.28 and a two-hundred day moving average price of $11.84.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, October 18th. This represents a $0.60 annualized dividend and a yield of 4.95%.

Institutional Trading of Pioneer Municipal High Income Opportunities Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the second quarter valued at approximately $388,000. Whitebox Advisors LLC increased 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 acquiring an additional 70,022 shares during the period. Blue Bell Private Wealth Management LLC raised its stake in Pioneer Municipal High Income Opportunities Fund by 82.9% during 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 during the last quarter. WMG Financial Advisors LLC bought a new stake in Pioneer Municipal High Income Opportunities Fund in the 2nd quarter valued at $117,000. Finally, Prudent Investors Network Inc. acquired a new stake in Pioneer Municipal High Income Opportunities Fund in the 1st quarter worth $117,000.