Insider Buying: Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Buys 1,660 Shares of Stock

Posted by Frank Smitson on Nov 12th, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. bought 1,660 shares of the company’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $12.14 per share, for a total transaction of $20,152.40. Following the transaction, the insider now directly owns 1,852,495 shares in the company, valued at approximately $22,489,289.30. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large 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 Monday, November 4th, Saba Capital Management, L.P. acquired 5,253 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought 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. acquired 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. bought 10,567 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired 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. acquired 1,500 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $12.09 per share, for a total transaction 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 stock was bought 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 price of $12.12 per share, with a total value of $142,628.16.

Pioneer Municipal High Income Opportunities Fund Price Performance

MIO stock traded down $0.02 during trading on Tuesday, hitting $12.14. 12,718 shares of the company’s stock were exchanged, compared to its average volume of 36,185. The business has a 50-day moving average price of $12.27 and a two-hundred day moving average price of $11.88. Pioneer Municipal High Income Opportunities Fund, Inc. has a 52-week low of $9.81 and a 52-week high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders 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 dividend yield of 4.94%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. WMG Financial Advisors LLC acquired a new position in Pioneer Municipal High Income Opportunities Fund in the second quarter valued at $117,000. Prudent Investors Network Inc. acquired a new stake in Pioneer Municipal High Income Opportunities Fund during the first quarter worth about $117,000. Blue Bell Private Wealth Management LLC grew its stake 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 buying an additional 10,906 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the second quarter valued at about $388,000. Finally, Whitebox Advisors LLC purchased a new position in Pioneer Municipal High Income Opportunities Fund in the first quarter valued at about $504,000.