Independent Advisor Alliance Acquires New Stake in Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO)

Independent Advisor Alliance acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 14,515 shares of the company’s stock, valued at approximately $172,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC raised its holdings in Pioneer Municipal High Income Opportunities Fund by 49.9% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,132,947 shares of the company’s stock worth $14,049,000 after acquiring an additional 377,242 shares during the last quarter. Noble Wealth Management PBC purchased a new position in Pioneer Municipal High Income Opportunities Fund in the 4th quarter worth approximately $319,000. Catalina Capital Group LLC purchased a new position in Pioneer Municipal High Income Opportunities Fund in the 4th quarter worth approximately $219,000. Raymond James Financial Inc. purchased a new position in Pioneer Municipal High Income Opportunities Fund in the 4th quarter worth approximately $167,000. Finally, Van ECK Associates Corp raised its holdings in 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 worth $1,446,000 after acquiring an additional 2,279 shares during the last quarter.

Pioneer Municipal High Income Opportunities Fund Stock Performance

Shares of NYSE MIO opened at $12.11 on Friday. Pioneer Municipal High Income Opportunities Fund, Inc. has a twelve month low of $10.95 and a twelve month high of $12.62. The company has a 50 day moving average of $12.04 and a 200 day moving average of $12.14.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%.

Insider Activity at Pioneer Municipal High Income Opportunities Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 32,911 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average price of $11.85 per share, for a total transaction of $389,995.35. Following the completion of the transaction, the insider now directly owns 2,051,327 shares in the company, valued at approximately $24,308,224.95. This trade represents a 1.63 % 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. Insiders have purchased a total of 96,311 shares of company stock worth $1,144,829 over the last quarter.