Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Saba Capital Management, L.P. Purchases 5,700 Shares

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) major shareholder Saba Capital Management, L.P. acquired 5,700 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was acquired at an average price of $12.15 per share, for a total transaction of $69,255.00. Following the completion of the transaction, the insider now owns 1,831,054 shares in the company, valued at approximately $22,247,306.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 Wednesday, August 21st, Saba Capital Management, L.P. acquired 11,768 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $12.12 per share, for a total transaction of $142,628.16.
• On Monday, August 12th, Saba Capital Management, L.P. bought 12,078 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought 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. purchased 21,537 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average cost of $12.12 per share, with a total value of $261,028.44.
• On Monday, August 5th, Saba Capital Management, L.P. bought 5,200 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $11.93 per share, for a total transaction of $62,036.00.
• On Thursday, July 11th, Saba Capital Management, L.P. bought 24,862 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $11.79 per share, with a total value of $293,122.98.

Pioneer Municipal High Income Opportunities Fund Stock Performance

Shares of MIO stock opened at $12.17 on Wednesday. The business has a fifty day moving average price of $11.89. Pioneer Municipal High Income Opportunities Fund, Inc. has a twelve month low of $9.18 and a twelve month high of $12.32.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th will be issued a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Tuesday, August 20th.

Institutional Trading of Pioneer Municipal High Income Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of MIO. Whitebox Advisors LLC lifted its position in Pioneer Municipal High Income Opportunities Fund by 157.0% during the 2nd quarter. Whitebox Advisors LLC now owns 114,612 shares of the company’s stock valued at $1,335,000 after acquiring an additional 70,022 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in shares of Pioneer Municipal High Income Opportunities Fund by 82.9% during 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 in the last quarter. WMG Financial Advisors LLC purchased a new position in shares of Pioneer Municipal High Income Opportunities Fund during the second quarter valued at approximately $117,000. Prudent Investors Network Inc. bought a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the 1st quarter worth approximately $117,000. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of Pioneer Municipal High Income Opportunities Fund by 62.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 27,835 shares of the company’s stock worth $315,000 after buying an additional 10,650 shares during the last quarter.