Insider Buying: Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Buys 2,829 Shares of Stock

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) major shareholder Saba Capital Management, L.P. bought 2,829 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average cost of $12.00 per share, for a total transaction of $33,948.00. Following the completion of the purchase, the insider now directly owns 2,113,637 shares of the company’s stock, valued at $25,363,644. This represents a 0.13 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares 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, January 27th, Saba Capital Management, L.P. acquired 913 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average price of $11.97 per share, for a total transaction of $10,928.61.
• On Thursday, January 23rd, Saba Capital Management, L.P. bought 11,150 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $11.92 per share, with a total value of $132,908.00.
• On Tuesday, January 21st, Saba Capital Management, L.P. purchased 51 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $11.91 per share, for a total transaction of $607.41.
• On Thursday, January 16th, Saba Capital Management, L.P. acquired 6,637 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $11.84 per share, with a total value of $78,582.08.
• On Friday, January 10th, Saba Capital Management, L.P. acquired 100 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average cost of $11.89 per share, for a total transaction of $1,189.00.
• On Wednesday, January 8th, Saba Capital Management, L.P. purchased 2,769 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average price of $12.00 per share, for a total transaction of $33,228.00.
• On Thursday, January 2nd, Saba Capital Management, L.P. purchased 5,317 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $11.96 per share, for a total transaction of $63,591.32.
• On Monday, December 30th, Saba Capital Management, L.P. bought 21,469 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $11.91 per share, for a total transaction of $255,695.79.
• On Thursday, December 26th, Saba Capital Management, L.P. bought 32,911 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $11.85 per share, for a total transaction of $389,995.35.
• On Monday, December 23rd, Saba Capital Management, L.P. purchased 12,165 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average price of $11.85 per share, with a total value of $144,155.25.

Pioneer Municipal High Income Opportunities Fund Trading Up 0.7 %

MIO opened at $12.12 on Thursday. Pioneer Municipal High Income Opportunities Fund, Inc. has a 12 month low of $10.75 and a 12 month high of $12.62. The business’s 50-day moving average price is $12.05 and its 200-day moving average price is $12.13.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a $0.05 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $0.60 annualized dividend and a yield of 4.95%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MIO. Sanctuary Advisors LLC bought a new stake in Pioneer Municipal High Income Opportunities Fund during the 2nd quarter valued at $388,000. Rivernorth Capital Management LLC increased its position in shares of Pioneer Municipal High Income Opportunities Fund by 48.0% in the third quarter. Rivernorth Capital Management LLC now owns 1,118,669 shares of the company’s stock valued at $13,871,000 after acquiring an additional 362,964 shares during the period. Catalina Capital Group LLC bought a new position in shares of Pioneer Municipal High Income Opportunities Fund during the fourth quarter valued at about $219,000. Van ECK Associates Corp raised its stake in shares of Pioneer Municipal High Income Opportunities Fund by 1.9% during the fourth quarter. Van ECK Associates Corp now owns 121,916 shares of the company’s stock valued at $1,446,000 after acquiring an additional 2,279 shares during the last quarter. Finally, Noble Wealth Management PBC purchased a new stake in shares of Pioneer Municipal High Income Opportunities Fund during the fourth quarter worth about $319,000.