Saba Capital Management, L.P. Purchases 7,534 Shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Stock

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) major shareholder Saba Capital Management, L.P. acquired 7,534 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was acquired at an average price of $7.82 per share, for a total transaction of $58,915.88. Following the completion of the acquisition, the insider now directly owns 2,638,717 shares of the company’s stock, valued at $20,634,766.94. The acquisition was disclosed in a filing 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 Tuesday, March 19th, Saba Capital Management, L.P. bought 18,383 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were acquired at an average price of $8.12 per share, with a total value of $149,269.96.
• On Tuesday, January 30th, Saba Capital Management, L.P. purchased 17,454 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was bought at an average price of $7.85 per share, for a total transaction of $137,013.90.

Pioneer Municipal High Income Advantage Fund Trading Up 0.4 %

NYSE MAV opened at $7.84 on Friday. Pioneer Municipal High Income Advantage Fund, Inc. has a 12 month low of $6.37 and a 12 month high of $8.20. The stock has a 50-day simple moving average of $8.03 and a 200 day simple moving average of $7.72.

Pioneer Municipal High Income Advantage Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be paid a $0.0325 dividend. The ex-dividend date 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 dividend yield of 4.97%.

Institutional Trading of Pioneer Municipal High Income Advantage Fund

Hedge funds have recently modified their holdings of the company. Journey Strategic Wealth LLC raised its holdings in Pioneer Municipal High Income Advantage Fund by 18.2% in the third quarter. Journey Strategic Wealth LLC now owns 13,000 shares of the company’s stock worth $87,000 after purchasing an additional 2,000 shares during the period. Camelot Portfolios LLC lifted its holdings in Pioneer Municipal High Income Advantage Fund by 13.3% during the fourth quarter. Camelot Portfolios LLC now owns 17,000 shares of the company’s stock worth $136,000 after acquiring an additional 2,000 shares in the last quarter. Raymond James & Associates grew its stake in Pioneer Municipal High Income Advantage Fund by 2.7% in the third quarter. Raymond James & Associates now owns 97,347 shares of the company’s stock valued at $655,000 after acquiring an additional 2,605 shares during the period. Riverbridge Partners LLC increased its holdings in shares of Pioneer Municipal High Income Advantage Fund by 3.1% in the first quarter. Riverbridge Partners LLC now owns 138,414 shares of the company’s stock worth $1,128,000 after acquiring an additional 4,223 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in shares of Pioneer Municipal High Income Advantage Fund by 46.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 20,270 shares of the company’s stock worth $163,000 after purchasing an additional 6,470 shares during the period.

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.