Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 26,990 shares of the firm's stock in a transaction on Friday, April 11th. The shares were acquired at an average cost of $11.18 per share, with a total value of $301,748.20. Following the completion of the acquisition, the insider now directly owns 2,143,792 shares in the company, valued at $23,967,594.56. The trade was a 1.28 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% 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, April 7th, Saba Capital Management, L.P. acquired 700 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $11.64 per share, for a total transaction of $8,148.00.
- On Friday, January 31st, Saba Capital Management, L.P. bought 2,829 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $12.00 per share, with a total value of $33,948.00.
- On Monday, January 27th, Saba Capital Management, L.P. purchased 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. acquired 11,150 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average cost of $11.92 per share, for a total transaction of $132,908.00.
- On Tuesday, January 21st, Saba Capital Management, L.P. bought 51 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $11.91 per share, with a total value of $607.41.
- On Thursday, January 16th, Saba Capital Management, L.P. purchased 6,637 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average cost of $11.84 per share, for a total transaction of $78,582.08.
Pioneer Municipal High Income Opportunities Fund Stock Performance
Shares of MIO opened at $11.18 on Tuesday. The company's 50 day simple moving average is $11.93 and its 200-day simple moving average is $12.04. Pioneer Municipal High Income Opportunities Fund, Inc. has a 12-month low of $10.95 and a 12-month high of $12.62.
Pioneer Municipal High Income Opportunities Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 17th will be issued a $0.05 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.37%.
Institutional Investors Weigh In On Pioneer Municipal High Income Opportunities Fund
Several hedge funds have recently made changes to their positions in MIO. Hennion & Walsh Asset Management Inc. purchased a new stake in Pioneer Municipal High Income Opportunities Fund during the 1st quarter valued at approximately $1,570,000. Saba Capital Management L.P. raised its stake in shares of Pioneer Municipal High Income Opportunities Fund by 13.5% during the fourth quarter. Saba Capital Management L.P. now owns 2,079,938 shares of the company's stock worth $24,668,000 after purchasing an additional 247,384 shares during the last quarter. Almitas Capital LLC lifted its holdings in shares of Pioneer Municipal High Income Opportunities Fund by 125.2% during the fourth quarter. Almitas Capital LLC now owns 231,057 shares of the company's stock worth $2,740,000 after purchasing an additional 128,460 shares during the period. Guggenheim Capital LLC grew its position in Pioneer Municipal High Income Opportunities Fund by 2.0% in the 4th quarter. Guggenheim Capital LLC now owns 437,397 shares of the company's stock valued at $5,188,000 after buying an additional 8,613 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Pioneer Municipal High Income Opportunities Fund in the 4th quarter valued at $167,000.
Further Reading
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