Saba Capital Management, L.P. Buys 13,162 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. bought 13,162 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $7.96 per share, with a total value of $104,769.52. Following the completion of the purchase, the insider now directly owns 2,750,751 shares of the company’s stock, valued at $21,895,977.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more 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 Wednesday, May 1st, Saba Capital Management, L.P. bought 24,037 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were acquired at an average price of $7.82 per share, with a total value 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 shares were acquired 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. 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.

Pioneer Municipal High Income Advantage Fund Trading Up 0.7 %

Shares of MAV opened at $8.10 on Thursday. Pioneer Municipal High Income Advantage Fund, Inc. has a 52 week low of $6.37 and a 52 week high of $8.19. The stock has a fifty day moving average of $8.01 and a 200-day moving average of $7.79.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, May 16th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MAV. Blue Bell Private Wealth Management LLC bought a new position in shares of Pioneer Municipal High Income Advantage Fund in the 4th quarter valued at $68,000. PNC Financial Services Group Inc. acquired a new stake in Pioneer Municipal High Income Advantage Fund in the fourth quarter valued at $72,000. Journey Strategic Wealth LLC increased 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 valued at $87,000 after purchasing an additional 2,000 shares during the period. Atlas Wealth LLC acquired a new stake in Pioneer Municipal High Income Advantage Fund in the third quarter valued at $122,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Pioneer Municipal High Income Advantage Fund in the third quarter valued at $129,000.

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.