Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Raises Dividend to $0.04 Per Share

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAVGet Rating) declared a monthly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Thursday, August 18th will be paid a dividend of 0.044 per share on Wednesday, August 31st. This represents a $0.53 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date is Wednesday, August 17th. This is an increase from Pioneer Municipal High Income Advantage Fund’s previous monthly dividend of $0.04.

Pioneer Municipal High Income Advantage Fund Stock Up 0.2 %

Shares of MAV stock opened at $9.25 on Friday. Pioneer Municipal High Income Advantage Fund has a 12 month low of $8.25 and a 12 month high of $12.60. The firm’s 50-day moving average is $8.92 and its two-hundred day moving average is $9.54.

Institutional Investors Weigh In On Pioneer Municipal High Income Advantage Fund

A number of institutional investors have recently made changes to their positions in the stock. Walleye Capital LLC acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund during the first quarter valued at about $108,000. Robinson Capital Management LLC grew its holdings in shares of Pioneer Municipal High Income Advantage Fund by 154.9% in the first quarter. Robinson Capital Management LLC now owns 371,887 shares of the company’s stock valued at $3,656,000 after purchasing an additional 225,967 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Pioneer Municipal High Income Advantage Fund by 6.2% in the first quarter. Royal Bank of Canada now owns 47,130 shares of the company’s stock valued at $463,000 after purchasing an additional 2,746 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Pioneer Municipal High Income Advantage Fund by 18.3% in the first quarter. Guggenheim Capital LLC now owns 298,721 shares of the company’s stock valued at $2,937,000 after purchasing an additional 46,254 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Pioneer Municipal High Income Advantage Fund by 20.4% in the first quarter. Baird Financial Group Inc. now owns 47,390 shares of the company’s stock valued at $466,000 after purchasing an additional 8,030 shares in the last quarter.

About Pioneer Municipal High Income Advantage Fund

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Pioneer Municipal High Income Advantage Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.

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Dividend History for Pioneer Municipal High Income Advantage Fund (NYSE:MAV)

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