Ackerman Capital Advisors LLC increased its stake in Pioneer Municipal High Inc (NYSE:MAV) by 71.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,903 shares of the company’s stock after purchasing an additional 39,685 shares during the quarter. Ackerman Capital Advisors LLC’s holdings in Pioneer Municipal High were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Robinson Capital Management LLC increased its stake in Pioneer Municipal High by 1.5% in the 3rd quarter. Robinson Capital Management LLC now owns 661,350 shares of the company’s stock worth $7,262,000 after purchasing an additional 10,000 shares in the last quarter. Wells Fargo & Company MN increased its stake in Pioneer Municipal High by 16.9% in the 2nd quarter. Wells Fargo & Company MN now owns 414,521 shares of the company’s stock worth $4,456,000 after purchasing an additional 59,923 shares in the last quarter. Invesco Ltd. increased its stake in Pioneer Municipal High by 37.3% in the 2nd quarter. Invesco Ltd. now owns 170,756 shares of the company’s stock worth $1,836,000 after purchasing an additional 46,413 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Pioneer Municipal High by 7.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 160,542 shares of the company’s stock worth $1,725,000 after purchasing an additional 11,141 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Pioneer Municipal High by 16.0% in the 2nd quarter. Van ECK Associates Corp now owns 113,849 shares of the company’s stock worth $1,224,000 after purchasing an additional 15,726 shares in the last quarter.

MAV traded up $0.01 during trading on Wednesday, reaching $10.96. The company had a trading volume of 500 shares, compared to its average volume of 83,979. The firm’s 50-day simple moving average is $10.97 and its 200 day simple moving average is $10.81. Pioneer Municipal High Inc has a 12-month low of $10.00 and a 12-month high of $11.19.

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be paid a dividend of $0.038 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $0.46 annualized dividend and a yield of 4.16%.

Separately, Royal Bank of Canada reissued a “buy” rating and issued a $8.50 price target on shares of Pioneer Municipal High in a research note on Thursday, August 8th.

Pioneer Municipal High Company Profile

Pioneer Municipal High Income Advantage Trust 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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Institutional Ownership by Quarter for Pioneer Municipal High (NYSE:MAV)

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