Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) to Issue Dividend Increase – $0.03 Per Share

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) announced a monthly dividend on Thursday, April 4th, Wall Street Journal reports. Investors of record on Friday, April 19th will be given a dividend of 0.0325 per share on Tuesday, April 30th. This represents a $0.39 annualized dividend and a yield of 4.96%. The ex-dividend date is Thursday, April 18th. This is a positive change from Pioneer Municipal High Income Advantage Fund’s previous monthly dividend of $0.03.

Pioneer Municipal High Income Advantage Fund Price Performance

MAV stock opened at $7.87 on Wednesday. Pioneer Municipal High Income Advantage Fund has a 12 month low of $6.37 and a 12 month high of $8.31. The firm has a 50 day simple moving average of $8.08 and a 200 day simple moving average of $7.67.

Insider Activity at Pioneer Municipal High Income Advantage Fund

In other Pioneer Municipal High Income Advantage Fund news, major shareholder Saba Capital Management, L.P. bought 18,383 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was acquired at an average cost of $8.12 per share, with a total value of $149,269.96. Following the completion of the purchase, the insider now directly owns 2,631,183 shares in the company, valued at $21,365,205.96. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Trading of Pioneer Municipal High Income Advantage Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the 3rd quarter valued at approximately $35,000. PNC Financial Services Group Inc. purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the 4th quarter valued at approximately $72,000. JPMorgan Chase & Co. purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the 1st quarter valued at approximately $86,000. Stifel Financial Corp purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the 3rd quarter valued at approximately $70,000. Finally, Walleye Capital LLC purchased a new stake in Pioneer Municipal High Income Advantage Fund in the 1st quarter worth approximately $108,000.

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.