Insider Buying: Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Major Shareholder Buys 2,541 Shares of Stock

Posted by Grant Hamersma on Aug 6th, 2024

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV – Get Free Report) major shareholder Saba Capital Management, L.P. bought 2,541 shares of Pioneer Municipal High Income Advantage Fund stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $8.50 per share, with a total value of $21,598.50. Following the acquisition, the insider now directly owns 3,074,117 shares of the company’s stock, valued at $26,129,994.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

On Friday, August 2nd, Saba Capital Management, L.P. bought 2,100 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were purchased at an average cost of $8.60 per share, with a total value of $18,060.00.
On Thursday, July 25th, Saba Capital Management, L.P. bought 26,275 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were purchased at an average cost of $8.40 per share, with a total value of $220,710.00.
On Tuesday, July 23rd, Saba Capital Management, L.P. bought 49,356 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were purchased at an average cost of $8.37 per share, with a total value of $413,109.72.
On Thursday, July 18th, Saba Capital Management, L.P. bought 21,324 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were purchased at an average cost of $8.35 per share, with a total value of $178,055.40.
On Thursday, July 11th, Saba Capital Management, L.P. purchased 46,758 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was bought at an average cost of $8.34 per share, with a total value of $389,961.72.
On Tuesday, May 28th, Saba Capital Management, L.P. acquired 19,612 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were bought at an average price of $8.04 per share, for a total transaction of $157,680.48.
On Thursday, May 23rd, Saba Capital Management, L.P. bought 2,117 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was bought at an average price of $8.05 per share, with a total value of $17,041.85.
On Tuesday, May 21st, Saba Capital Management, L.P. purchased 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 shares were bought at an average price of $8.08 per share, for a total transaction of $400,073.12.

Pioneer Municipal High Income Advantage Fund Stock Up 0.5 %

Shares of NYSE MAV traded up $0.04 during trading on Tuesday, hitting $8.54. 30,507 shares of the company were exchanged, compared to its average volume of 57,481. Pioneer Municipal High Income Advantage Fund, Inc. has a 12-month low of $6.37 and a 12-month high of $8.71. The company has a fifty day moving average price of $8.24 and a 200-day moving average price of $8.10.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 19th were issued a dividend of $0.0325 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.39 annualized dividend and a dividend yield of 4.57%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MAV. International Assets Investment Management LLC raised its holdings in shares of 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 acquiring an additional 45,130 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of Pioneer Municipal High Income Advantage Fund by 46.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,270 shares of the company’s stock worth $163,000 after acquiring an additional 6,470 shares during the period. Blue Bell Private Wealth Management LLC purchased a new position in shares of Pioneer Municipal High Income Advantage Fund during the 4th quarter worth $68,000. Van ECK Associates Corp raised its holdings in shares of Pioneer Municipal High Income Advantage Fund by 13.3% during the 4th quarter. Van ECK Associates Corp now owns 182,186 shares of the company’s stock worth $1,461,000 after acquiring an additional 21,421 shares during the period. Finally, Robinson Capital Management LLC raised its holdings in shares of Pioneer Municipal High Income Advantage Fund by 16.1% during the 4th quarter. Robinson Capital Management LLC now owns 413,907 shares of the company’s stock worth $3,320,000 after acquiring an additional 57,313 shares during the period.

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.