Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Saba Capital Management, L.P. Purchases 26,990 Shares

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) major shareholder Saba Capital Management, L.P. bought 26,990 shares of the stock in a transaction on Friday, April 11th. The shares were bought at an average cost of $11.18 per share, with a total value of $301,748.20. Following the purchase, the insider now owns 2,143,792 shares of the company’s stock, valued at $23,967,594.56. This trade represents a 1.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% 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 Monday, April 7th, Saba Capital Management, L.P. acquired 700 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $11.64 per share, for a total transaction of $8,148.00.
• On Friday, January 31st, Saba Capital Management, L.P. acquired 2,829 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost 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 purchased 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 stock was purchased at an average cost of $11.92 per share, with a total value 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 shares were purchased at an average cost of $11.91 per share, for a total transaction of $607.41.
• On Thursday, January 16th, Saba Capital Management, L.P. bought 6,637 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $11.84 per share, with a total value of $78,582.08.

Pioneer Municipal High Income Opportunities Fund Price Performance

NYSE MIO opened at $11.18 on Tuesday. The firm has a 50 day simple moving average of $11.93 and a 200-day simple moving average of $12.04. Pioneer Municipal High Income Opportunities Fund, Inc. has a one year low of $10.95 and a one year high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 17th will be given a $0.05 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.60 annualized dividend and a yield of 5.37%.

Institutional Trading of Pioneer Municipal High Income Opportunities Fund

A number of large investors have recently modified their holdings of the stock. Rivernorth Capital Management LLC grew its stake in Pioneer Municipal High Income Opportunities Fund by 49.9% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,132,947 shares of the company’s stock worth $14,049,000 after purchasing an additional 377,242 shares in the last quarter. Catalina Capital Group LLC purchased a new position in shares of Pioneer Municipal High Income Opportunities Fund in the 4th quarter valued at about $219,000. Van ECK Associates Corp boosted its stake in shares of Pioneer Municipal High Income Opportunities Fund by 1.9% in the 4th quarter. Van ECK Associates Corp now owns 121,916 shares of the company’s stock valued at $1,446,000 after buying an additional 2,279 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Pioneer Municipal High Income Opportunities Fund during the fourth quarter worth about $319,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Pioneer Municipal High Income Opportunities Fund during the fourth quarter worth approximately $167,000.