Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Major Shareholder Saba Capital Management, L.P. Buys 4,765 Shares

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) major shareholder Saba Capital Management, L.P. acquired 4,765 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were purchased at an average price of $8.64 per share, with a total value of $41,169.60. Following the transaction, the insider now owns 3,438,580 shares of the company’s stock, valued at $29,709,331.20. The acquisition was disclosed in a document filed with the SEC, which is available at 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, March 11th, Saba Capital Management, L.P. acquired 30,534 shares of Pioneer Municipal High Income Fund stock. The shares were bought at an average price of $8.93 per share, with a total value of $272,668.62.
• On Friday, March 1st, Saba Capital Management, L.P. bought 5,666 shares of Pioneer Municipal High Income Fund stock. The stock was bought at an average price of $8.76 per share, for a total transaction of $49,634.16.

Pioneer Municipal High Income Fund Trading Up 1.1 %

Shares of NYSE MHI opened at $8.80 on Wednesday. Pioneer Municipal High Income Fund, Inc. has a 52-week low of $6.93 and a 52-week high of $8.95. The stock has a 50 day moving average price of $8.71 and a 200 day moving average price of $8.42.

Pioneer Municipal High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Thursday, May 16th.

Hedge Funds Weigh In On Pioneer Municipal High Income Fund

Several institutional investors have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC lifted its stake in Pioneer Municipal High Income Fund by 1,300.2% in the first quarter. Blue Bell Private Wealth Management LLC now owns 28,004 shares of the investment management company’s stock worth $248,000 after acquiring an additional 26,004 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Pioneer Municipal High Income Fund by 1.5% in the 1st quarter. Park Avenue Securities LLC now owns 118,022 shares of the investment management company’s stock valued at $1,043,000 after purchasing an additional 1,778 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Pioneer Municipal High Income Fund in the 4th quarter worth approximately $104,000. Flow State Investments L.P. bought a new position in shares of Pioneer Municipal High Income Fund during the fourth quarter valued at approximately $181,000. Finally, Gridiron Partners LLC purchased a new position in Pioneer Municipal High Income Fund during the fourth quarter valued at approximately $872,000.

About Pioneer Municipal High Income Fund

Pioneer Municipal High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum.