Insider Buying: Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Purchases $143,685.15 in Stock

Posted by Doug Madison on Dec 22nd, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. bought 11,865 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of $12.11 per share, for a total transaction of $143,685.15. Following the transaction, the insider now owns 1,945,430 shares of the company’s stock, valued at $23,559,157.30. The trade was a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Thursday, December 12th, Saba Capital Management, L.P. acquired 7,505 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average price of $12.18 per share, with a total value of $91,410.90.
On Tuesday, December 10th, Saba Capital Management, L.P. acquired 7,284 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.26 per share, for a total transaction of $89,301.84.
On Wednesday, November 27th, Saba Capital Management, L.P. purchased 3,881 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.19 per share, for a total transaction of $47,309.39.
On Monday, November 25th, Saba Capital Management, L.P. acquired 3,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average cost of $12.10 per share, with a total value of $44,770.00.
On Thursday, November 21st, Saba Capital Management, L.P. bought 8,760 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $12.05 per share, for a total transaction of $105,558.00.
On Tuesday, November 19th, Saba Capital Management, L.P. purchased 12,400 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average cost of $12.17 per share, with a total value of $150,908.00.
On Thursday, November 14th, Saba Capital Management, L.P. acquired 8,561 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average cost of $12.21 per share, for a total transaction of $104,529.81.
On Monday, November 11th, Saba Capital Management, L.P. purchased 1,660 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average cost of $12.14 per share, for a total transaction of $20,152.40.
On Monday, November 4th, Saba Capital Management, L.P. acquired 5,253 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $12.14 per share, with a total value of $63,771.42.
On Thursday, October 31st, Saba Capital Management, L.P. bought 2,461 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average cost of $12.08 per share, for a total transaction of $29,728.88.

Pioneer Municipal High Income Opportunities Fund Stock Performance

Shares of Pioneer Municipal High Income Opportunities Fund stock opened at $11.88 on Friday. The business has a 50-day moving average price of $12.15 and a 200 day moving average price of $12.06. Pioneer Municipal High Income Opportunities Fund, Inc. has a twelve month low of $10.46 and a twelve month high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, December 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. WMG Financial Advisors LLC acquired a new position in Pioneer Municipal High Income Opportunities Fund during the second quarter worth $117,000. 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 worth $280,000 after purchasing an additional 10,906 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Pioneer Municipal High Income Opportunities Fund during the 2nd quarter worth about $388,000. Whitebox Advisors LLC boosted its holdings in Pioneer Municipal High Income Opportunities Fund by 157.0% in the 2nd quarter. Whitebox Advisors LLC now owns 114,612 shares of the company’s stock worth $1,335,000 after buying an additional 70,022 shares during the last quarter. Finally, Rivernorth Capital Management LLC increased its stake in Pioneer Municipal High Income Opportunities Fund by 48.0% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,118,669 shares of the company’s stock worth $13,871,000 after buying an additional 362,964 shares in the last quarter.