Saba Capital Management, L.P. Acquires 6,399 Shares of Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Stock

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIOGet Free Report) major shareholder Saba Capital Management, L.P. bought 6,399 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average cost of $11.46 per share, with a total value of $73,332.54. Following the completion of the purchase, the insider now owns 1,732,386 shares in the company, valued at approximately $19,853,143.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 Tuesday, March 19th, Saba Capital Management, L.P. acquired 5,909 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $11.21 per share, for a total transaction of $66,239.89.
  • On Thursday, March 7th, Saba Capital Management, L.P. bought 24,761 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average price of $11.10 per share, for a total transaction of $274,847.10.

Pioneer Municipal High Income Opportunities Fund Stock Down 0.3 %

Shares of MIO opened at $11.39 on Friday. Pioneer Municipal High Income Opportunities Fund, Inc. has a 52-week low of $9.18 and a 52-week high of $11.51. The company has a 50-day moving average of $11.19.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a yield of 5.27%.

Institutional Investors Weigh In On Pioneer Municipal High Income Opportunities Fund

Several institutional investors have recently modified their holdings of the company. Whitebox Advisors LLC purchased a new position in Pioneer Municipal High Income Opportunities Fund in the 1st quarter valued at approximately $504,000. Kingswood Wealth Advisors LLC grew its holdings in Pioneer Municipal High Income Opportunities Fund by 62.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 27,835 shares of the company’s stock valued at $315,000 after purchasing an additional 10,650 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Pioneer Municipal High Income Opportunities Fund in the fourth quarter valued at $225,000. Blue Bell Private Wealth Management LLC raised its stake in shares of Pioneer Municipal High Income Opportunities Fund by 1,362.1% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 13,159 shares of the company’s stock worth $149,000 after buying an additional 12,259 shares during the last quarter. Finally, Prudent Investors Network Inc. purchased a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the 1st quarter worth about $117,000.

Further Reading

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