Saba Capital Management, L.P. Acquires 2,100 Shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Stock

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) major shareholder Saba Capital Management, L.P. bought 2,100 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $8.60 per share, for a total transaction of $18,060.00. Following the completion of the transaction, the insider now owns 3,071,576 shares of the company’s stock, valued at $26,415,553.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major 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 Thursday, July 25th, Saba Capital Management, L.P. acquired 26,275 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was acquired at an average price of $8.40 per share, with a total value of $220,710.00.
• On Tuesday, July 23rd, Saba Capital Management, L.P. purchased 49,356 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was bought 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. acquired 21,324 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were bought 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. acquired 46,758 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were 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 acquired 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 cost of $8.05 per share, with a total value of $17,041.85.
• On Tuesday, May 21st, Saba Capital Management, L.P. acquired 20,874 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was bought at an average price of $8.12 per share, with a total value of $169,496.88.
• On Wednesday, May 15th, Saba Capital Management, L.P. acquired 49,514 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were purchased at an average price of $8.08 per share, for a total transaction of $400,073.12.

Pioneer Municipal High Income Advantage Fund Price Performance

NYSE:MAV traded down $0.11 during mid-day trading on Monday, reaching $8.51. 33,036 shares of the company’s stock were exchanged, compared to its average volume of 57,597. The business’s fifty day simple moving average is $8.23 and its two-hundred day simple moving average is $8.09. Pioneer Municipal High Income Advantage Fund, Inc. has a one year low of $6.37 and a one year high of $8.71.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th were paid a dividend of $0.0325 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.39 dividend on an annualized basis and a yield of 4.58%.

Hedge Funds Weigh In On Pioneer Municipal High Income Advantage Fund

Several large investors have recently bought and sold shares of MAV. Riverbridge Partners LLC increased its position in shares of Pioneer Municipal High Income Advantage Fund by 3.1% during the 1st quarter. Riverbridge Partners LLC now owns 138,414 shares of the company’s stock valued at $1,128,000 after purchasing an additional 4,223 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in 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 buying an additional 6,470 shares in the last quarter. International Assets Investment Management LLC bought a new position in Pioneer Municipal High Income Advantage Fund in the 2nd quarter valued at $53,000. Blue Bell Private Wealth Management LLC bought a new position in Pioneer Municipal High Income Advantage Fund in the 4th quarter worth about $68,000. Finally, PNC Financial Services Group Inc. bought a new stake in Pioneer Municipal High Income Advantage Fund during the fourth quarter valued at approximately $72,000.

About Pioneer Municipal High Income Advantage Fund

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.