Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Major Shareholder Saba Capital Management, L.P. Purchases 13,162 Shares

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 stock was bought at an average cost 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 bought 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 shares were purchased at an average price of $8.12 per share, for a total transaction of $149,269.96.

Pioneer Municipal High Income Advantage Fund Stock Up 0.9 %

NYSE MAV traded up $0.07 during trading hours on Tuesday, reaching $8.04. The company’s stock had a trading volume of 106,662 shares, compared to its average volume of 58,052. Pioneer Municipal High Income Advantage Fund, Inc. has a 52 week low of $6.37 and a 52 week high of $8.19. The firm has a fifty day simple moving average of $8.01 and a 200-day simple moving average of $7.78.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.0325 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.39 dividend on an annualized basis and a yield of 4.85%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Saba Capital Management L.P. raised its position in shares of Pioneer Municipal High Income Advantage Fund by 307.0% during the third quarter. Saba Capital Management L.P. now owns 1,946,700 shares of the company’s stock worth $13,101,000 after acquiring an additional 1,468,441 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Pioneer Municipal High Income Advantage Fund by 644.7% during the 4th quarter. International Assets Investment Management LLC now owns 52,130 shares of the company’s stock worth $418,000 after purchasing an additional 45,130 shares during the last quarter. Landscape Capital Management L.L.C. lifted its position in shares of Pioneer Municipal High Income Advantage Fund by 55.3% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 22,843 shares of the company’s stock worth $154,000 after purchasing an additional 8,136 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund during the fourth quarter worth $280,000. Finally, AQR Arbitrage LLC increased its position in shares of Pioneer Municipal High Income Advantage Fund by 79.5% during the third quarter. AQR Arbitrage LLC now owns 294,280 shares of the company’s stock worth $1,981,000 after buying an additional 130,373 shares during the period.

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.