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

Posted by Gary Stephens 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 dated Monday, November 11th. The stock was purchased at an average cost of $12.14 per share, for a total transaction of $20,152.40. Following the completion of the transaction, the insider now owns 1,852,495 shares of the company’s stock, valued at $22,489,289.30. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock 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, November 4th, Saba Capital Management, L.P. bought 5,253 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.14 per share, with a total value 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 acquired at an average cost 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 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. bought 1,500 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost 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 shares were bought at an average price of $12.15 per share, for a total transaction of $69,255.00.
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, with a total value of $142,628.16.

Pioneer Municipal High Income Opportunities Fund Stock Down 0.2 %

MIO stock traded down $0.02 during midday trading on Tuesday, reaching $12.14. The company had a trading volume of 12,718 shares, compared to its average volume of 36,185. Pioneer Municipal High Income Opportunities Fund, Inc. has a 1-year low of $9.81 and a 1-year high of $12.62. The stock has a 50 day moving average price of $12.27 and a 200-day moving average price of $11.88.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th 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 4.94%. The ex-dividend date is Friday, November 15th.

Institutional Investors Weigh In On Pioneer Municipal High Income Opportunities Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in shares of Pioneer Municipal High Income Opportunities Fund during the 2nd quarter valued at about $388,000. Whitebox Advisors LLC boosted its holdings in Pioneer Municipal High Income Opportunities Fund by 157.0% in 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 in the last quarter. Blue Bell Private Wealth Management LLC raised 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 worth $280,000 after purchasing an additional 10,906 shares during the last quarter. WMG Financial Advisors LLC purchased a new stake in Pioneer Municipal High Income Opportunities Fund during the second quarter valued at $117,000. Finally, Prudent Investors Network Inc. bought a new position in shares of Pioneer Municipal High Income Opportunities Fund in the first quarter worth about $117,000.