Insider Buying: Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Major Shareholder Acquires $18,060.00 in Stock

Posted by Grant Hamersma on Aug 8th, 2024

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 2,100 shares of the stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $8.60 per share, for a total transaction of $18,060.00. Following the purchase, the insider now owns 3,071,576 shares in the company, valued at $26,415,553.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

On Monday, August 5th, Saba Capital Management, L.P. acquired 2,541 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were bought at an average price of $8.50 per share, for a total transaction of $21,598.50.
On Thursday, July 25th, Saba Capital Management, L.P. bought 26,275 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was acquired at an average cost of $8.40 per share, for a total transaction 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 stock was acquired at an average cost of $8.37 per share, for a total transaction 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 stock was acquired at an average cost of $8.35 per share, for a total transaction of $178,055.40.
On Thursday, July 11th, Saba Capital Management, L.P. bought 46,758 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was acquired at an average cost of $8.34 per share, for a total transaction of $389,961.72.
On Tuesday, May 28th, Saba Capital Management, L.P. bought 19,612 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was acquired at an average cost 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 acquired at an average cost of $8.05 per share, for a total transaction of $17,041.85.
On Tuesday, May 21st, Saba Capital Management, L.P. bought 20,874 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was acquired at an average cost of $8.12 per share, for a total transaction of $169,496.88.
On Wednesday, May 15th, Saba Capital Management, L.P. bought 49,514 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was acquired at an average cost of $8.08 per share, for a total transaction of $400,073.12.

Pioneer Municipal High Income Advantage Fund Stock Up 1.3 %

Shares of MAV stock opened at $8.65 on Thursday. Pioneer Municipal High Income Advantage Fund, Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $8.71. The stock’s fifty day moving average price is $8.25 and its two-hundred day moving average price is $8.10.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Tuesday, August 20th will be issued a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Tuesday, August 20th.

Institutional Investors Weigh In On Pioneer Municipal High Income Advantage Fund

Several hedge funds have recently modified their holdings of MAV. International Assets Investment Management LLC acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 2nd quarter valued at $53,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 4th quarter valued at $68,000. PNC Financial Services Group Inc. acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 4th quarter valued at $72,000. Catalytic Wealth RIA LLC acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 4th quarter valued at $135,000. Finally, Stratos Wealth Partners LTD. boosted 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 valued at $163,000 after acquiring an additional 6,470 shares in the last quarter.

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.