Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its position in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 44.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,328 shares of the company’s stock after selling 13,209 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Pioneer Municipal High Income Advantage Fund were worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Simon Quick Advisors LLC acquired a new position in Pioneer Municipal High Income Advantage Fund during the third quarter worth $69,000. Journey Strategic Wealth LLC raised its position in Pioneer Municipal High Income Advantage Fund by 18.2% during the third quarter. Journey Strategic Wealth LLC now owns 13,000 shares of the company’s stock worth $87,000 after acquiring an additional 2,000 shares during the period. Atlas Wealth LLC acquired a new position in Pioneer Municipal High Income Advantage Fund during the third quarter worth $122,000. Janney Montgomery Scott LLC acquired a new position in Pioneer Municipal High Income Advantage Fund during the third quarter worth $129,000. Finally, Landscape Capital Management L.L.C. raised its position in Pioneer Municipal High Income Advantage Fund by 55.3% during the third quarter. Landscape Capital Management L.L.C. now owns 22,843 shares of the company’s stock worth $154,000 after acquiring an additional 8,136 shares during the period.

Insider Transactions at Pioneer Municipal High Income Advantage Fund

In other Pioneer Municipal High Income Advantage Fund news, major shareholder Saba Capital Management, L.P. bought 18,383 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average price of $8.12 per share, with a total value of $149,269.96. Following the completion of the acquisition, the insider now directly owns 2,631,183 shares of the company’s stock, valued at $21,365,205.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Pioneer Municipal High Income Advantage Fund Stock Performance

NYSE:MAV opened at $7.81 on Friday. The company has a fifty day moving average of $8.04 and a two-hundred day moving average of $7.71. Pioneer Municipal High Income Advantage Fund, Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $8.20.

Pioneer Municipal High Income Advantage Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be given a dividend of $0.0325 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Pioneer Municipal High Income Advantage Fund’s previous monthly dividend of $0.03. This represents a $0.39 dividend on an annualized basis and a yield of 4.99%.

Pioneer Municipal High Income Advantage Fund Company Profile

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.