Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Plans $0.03 Monthly Dividend

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) declared a monthly dividend on Tuesday, August 6th, Wall Street Journal reports. Shareholders of record on Tuesday, August 20th will be given a dividend of 0.0325 per share on Friday, August 30th. This represents a $0.39 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend is Tuesday, August 20th.

Pioneer Municipal High Income Advantage Fund Price Performance

Shares of NYSE:MAV traded up $0.11 during trading on Wednesday, hitting $8.65. The company had a trading volume of 70,112 shares, compared to its average volume of 57,564. Pioneer Municipal High Income Advantage Fund has a one year low of $6.37 and a one year high of $8.71. The company has a fifty day simple moving average of $8.25 and a two-hundred day simple moving average of $8.10.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. bought 20,874 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was acquired at an average cost of $8.12 per share, with a total value of $169,496.88. Following the transaction, the insider now directly owns 2,821,139 shares in the company, valued at approximately $22,907,648.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders acquired 240,471 shares of company stock valued at $1,985,788.

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.