Insider Buying: Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Purchases 1,660 Shares of Stock
On Monday 11th of November this year Saba Capital Management picked up 1 660 shares of Pioneer Municipal High Income Opportunities Fund Inc.s stock at a cost of twelve dollars and fourteen cents each which amounted to a total of twenty thousand one hundred fifty two dollars and forty cents spent on the stock purchase transaction. As a result of this investment move by the shareholder their ownership stake in the company now stands at one million eight hundred fifty two thousand four hundred ninety five shares valued at roughly twenty two million four hundred eighty nine thousand two hundred eighty nine dollars and thirty cents. This recent trade marks a change of zero point zero percent in their ownership position, within the company. The transaction was revealed in a report submitted to the Securities & Exchange Commission. Can be viewed via the SEC website platform. Shareholders holding, over 10 percent of a companys stock must report their buying and selling activities to the SEC.
Recently, at Saba Capital Management L.P. there have been some trades taking place as well.
On Wednesday MIO started trading at $12.16. The stocks simple moving average, for 50 days is $12.27 while its 200 day simple moving average stands at $11.89. The Pioneer Municipal High Income Opportunities Fund, Inc. Has hit a low of $ 9.81 in the year and peaked at $ 12.62.
The company also announced a dividend scheduled for payment on Friday the 29th of November this year. Shareholders who are officially recorded on Friday the 15th of November will receive a dividend of five cents per share. The ex dividend date for this payout is also set for Friday the 15th of November. This amounts to a dividend of sixty cents, per share and a dividend yield of approximately 4.93%.
Multiple investment firms have recently made changes to their investments in the company Pioneer Municipal High Income Opportunities Fund.. WMG Financial Advisors LLC acquired a position in shares of the fund during the second quarter for around $117,000.. In the quarter Prudent Investors Network Inc also acquired a new position, in the Pioneer Municipal High Income Opportunities Fund worth approximately $117 000.. During the quarter Blue Bell Private Wealth Management LLC increased its holdings in the fund by 82 9%. Blue Bell Private Wealth Management LLC currently holds 24,o65 shares of the companys stock $280,o00 after acquiring an extra 10,o96 shares in the previous quarter " Sanctuary Advisors LLC obtained a new interest in Pioneer Municipal High Income Opportunities Fund in the second quarter for $388,o00 " and "Whitebox Advisors LLC invested in Pioneer Municipal High Income Opportunities Fund during the initial quarter, with a value of $504,o00."
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