Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV - Get Free Report) major shareholder Saba Capital Management, L.P. bought 13,162 shares of Pioneer Municipal High Income Advantage Fund stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $7.96 per share, with a total value of $104,769.52. Following the acquisition, the insider now owns 2,750,751 shares in the company, valued at approximately $21,895,977.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Wednesday, May 1st, Saba Capital Management, L.P. acquired 24,037 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were acquired at an average cost of $7.82 per share, for a total transaction of $187,969.34.
- On Wednesday, April 24th, Saba Capital Management, L.P. bought 7,534 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was acquired at an average cost of $7.82 per share, with a total value of $58,915.88.
- On Tuesday, March 19th, Saba Capital Management, L.P. purchased 18,383 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were bought at an average cost of $8.12 per share, for a total transaction of $149,269.96.
Pioneer Municipal High Income Advantage Fund Price Performance
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MAV opened at $8.04 on Wednesday. The firm has a 50 day moving average price of $8.01 and a 200-day moving average price of $7.79. Pioneer Municipal High Income Advantage Fund, Inc. has a twelve month low of $6.37 and a twelve month high of $8.19.
Pioneer Municipal High Income Advantage Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.0325 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.39 dividend on an annualized basis and a yield of 4.85%.
Hedge Funds Weigh In On Pioneer Municipal High Income Advantage Fund
Several hedge funds and other institutional investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC bought a new stake in shares of Pioneer Municipal High Income Advantage Fund in the fourth quarter worth $68,000. PNC Financial Services Group Inc. bought a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 4th quarter valued at about $72,000. Journey Strategic Wealth LLC increased its position in shares of Pioneer Municipal High Income Advantage Fund by 18.2% during the 3rd 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 during the last quarter. Atlas Wealth LLC bought a new position in shares of Pioneer Municipal High Income Advantage Fund in the 3rd quarter worth approximately $122,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Pioneer Municipal High Income Advantage Fund in the third quarter worth approximately $129,000.
About Pioneer Municipal High Income Advantage Fund
(
Get Free Report)
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.
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