Insider Buying: Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Major Shareholder Buys 24,611 Shares of Stock

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) major shareholder Saba Capital Management, L.P. bought 24,611 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $9.43 per share, with a total value of $232,081.73. Following the completion of the transaction, the insider now directly owns 3,604,754 shares of the company’s stock, valued at approximately $33,992,830.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 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 Monday, August 19th, Saba Capital Management, L.P. acquired 100 shares of Pioneer Municipal High Income Fund stock. The stock was purchased at an average cost of $9.43 per share, with a total value of $943.00.
• On Monday, August 12th, Saba Capital Management, L.P. bought 1,100 shares of Pioneer Municipal High Income Fund stock. The shares were acquired at an average price of $9.41 per share, for a total transaction of $10,351.00.
• On Wednesday, August 7th, Saba Capital Management, L.P. purchased 53,126 shares of Pioneer Municipal High Income Fund stock. The shares were acquired at an average cost of $9.41 per share, with a total value of $499,915.66.
• On Friday, August 2nd, Saba Capital Management, L.P. acquired 793 shares of Pioneer Municipal High Income Fund stock. The stock was acquired at an average cost of $9.34 per share, for a total transaction of $7,406.62.
• On Friday, July 26th, Saba Capital Management, L.P. bought 12,089 shares of Pioneer Municipal High Income Fund stock. The shares were bought at an average cost of $9.13 per share, with a total value of $110,372.57.
• On Thursday, July 11th, Saba Capital Management, L.P. purchased 45,710 shares of Pioneer Municipal High Income Fund stock. The stock was bought at an average price of $9.20 per share, for a total transaction of $420,532.00.
• On Thursday, May 23rd, Saba Capital Management, L.P. acquired 3,538 shares of Pioneer Municipal High Income Fund stock. The shares were bought at an average price of $8.88 per share, with a total value of $31,417.44.

Pioneer Municipal High Income Fund Trading Up 0.3 %

Shares of MHI stock opened at $9.44 on Thursday. The business’s 50 day simple moving average is $9.20 and its 200 day simple moving average is $8.93. Pioneer Municipal High Income Fund, Inc. has a one year low of $6.93 and a one year high of $9.57.

Pioneer Municipal High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th will be paid a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Tuesday, August 20th.

Hedge Funds Weigh In On Pioneer Municipal High Income Fund

Hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in Pioneer Municipal High Income Fund during the 2nd quarter worth about $46,000. Nomura Holdings Inc. acquired a new stake in Pioneer Municipal High Income Fund during the fourth quarter worth approximately $104,000. Integrated Capital Management Inc. lifted its stake in Pioneer Municipal High Income Fund by 7.1% in the second quarter. Integrated Capital Management Inc. now owns 20,585 shares of the investment management company’s stock valued at $188,000 after buying an additional 1,370 shares during the period. Flow State Investments L.P. acquired a new position in Pioneer Municipal High Income Fund in the fourth quarter valued at approximately $181,000. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of Pioneer Municipal High Income Fund by 1,300.2% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 28,004 shares of the investment management company’s stock worth $248,000 after buying an additional 26,004 shares in the last quarter.

Pioneer Municipal High Income Fund Company Profile

Pioneer Municipal High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum.