Insider Buying: Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Major Shareholder Acquires 2,117 Shares of Stock

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAVGet Free Report) major shareholder Saba Capital Management, L.P. bought 2,117 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average price of $8.05 per share, for a total transaction of $17,041.85. Following the transaction, the insider now owns 2,823,256 shares of the company’s stock, valued at $22,727,210.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Tuesday, May 21st, Saba Capital Management, L.P. bought 20,874 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were bought at an average price of $8.12 per share, for a total transaction of $169,496.88.
  • On Wednesday, May 15th, Saba Capital Management, L.P. purchased 49,514 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was purchased at an average cost of $8.08 per share, for a total transaction of $400,073.12.
  • On Friday, May 3rd, Saba Capital Management, L.P. purchased 13,162 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was purchased at an average cost of $7.96 per share, for a total transaction of $104,769.52.
  • On Wednesday, May 1st, Saba Capital Management, L.P. purchased 24,037 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was purchased 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. purchased 7,534 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was purchased at an average cost of $7.82 per share, for a total transaction 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 stock was purchased at an average cost of $8.12 per share, for a total transaction of $149,269.96.

Pioneer Municipal High Income Advantage Fund Trading Down 0.4 %

Shares of Pioneer Municipal High Income Advantage Fund stock traded down $0.04 during trading on Thursday, hitting $8.02. The stock had a trading volume of 41,430 shares, compared to its average volume of 57,530. Pioneer Municipal High Income Advantage Fund, Inc. has a 12 month low of $6.37 and a 12 month high of $8.19. The business’s 50-day moving average is $8.00 and its 200 day moving average is $7.90.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.0325 dividend. 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 4.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MAV. Raymond James & Associates increased its stake in Pioneer Municipal High Income Advantage Fund by 2.7% in the third quarter. Raymond James & Associates now owns 97,347 shares of the company’s stock valued at $655,000 after acquiring an additional 2,605 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Pioneer Municipal High Income Advantage Fund by 54.3% during the third quarter. Bank of New York Mellon Corp now owns 55,299 shares of the company’s stock valued at $372,000 after buying an additional 19,449 shares during the last quarter. Atlas Wealth LLC bought a new position in shares of Pioneer Municipal High Income Advantage Fund during the third quarter valued at about $122,000. Landscape Capital Management L.L.C. grew its stake in shares of Pioneer Municipal High Income Advantage Fund by 55.3% during the third quarter. Landscape Capital Management L.L.C. now owns 22,843 shares of the company’s stock valued at $154,000 after buying an additional 8,136 shares during the last quarter. Finally, Journey Strategic Wealth LLC grew its stake in shares of Pioneer Municipal High Income Advantage Fund by 18.2% during the third quarter. Journey Strategic Wealth LLC now owns 13,000 shares of the company’s stock valued at $87,000 after buying an additional 2,000 shares during the last quarter.

Pioneer Municipal High Income Advantage Fund Company Profile

(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.

See Also

Insider Buying and Selling by Quarter for Pioneer Municipal High Income Advantage Fund (NYSE:MAV)

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