Saba Capital Management, L.P. Acquires 24,037 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 24,037 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $7.82 per share, with a total value of $187,969.34. Following the completion of the purchase, the insider now owns 2,701,710 shares in the company, valued at approximately $21,127,372.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Wednesday, April 24th, Saba Capital Management, L.P. acquired 7,534 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were purchased at an average price of $7.82 per share, with a total value of $58,915.88.
• On Tuesday, March 19th, Saba Capital Management, L.P. acquired 18,383 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were purchased at an average price of $8.12 per share, with a total value of $149,269.96.

Pioneer Municipal High Income Advantage Fund Trading Up 0.8 %

NYSE:MAV opened at $7.98 on Friday. Pioneer Municipal High Income Advantage Fund, Inc. has a 12 month low of $6.37 and a 12 month high of $8.19. The stock has a 50 day moving average of $8.01 and a two-hundred day moving average of $7.76.

Pioneer Municipal High Income Advantage Fund Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th were given a $0.0325 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This is a positive change 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 4.89%.

Institutional Investors Weigh In On Pioneer Municipal High Income Advantage Fund

A number of large investors have recently made changes to their positions in MAV. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the fourth quarter valued at approximately $68,000. Simon Quick Advisors LLC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the third quarter valued at approximately $69,000. PNC Financial Services Group Inc. purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the fourth quarter valued at approximately $72,000. Journey Strategic Wealth LLC grew its position in shares of 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 valued at $87,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Atlas Wealth LLC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the third quarter valued at approximately $122,000.

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.