Mackay Shields LLC Has $7.35 Million Position in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI)

Mackay Shields LLC lowered its position in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 793,604 shares of the investment management company’s stock after selling 3,294 shares during the quarter. Mackay Shields LLC’s holdings in Pioneer Municipal High Income Fund were worth $7,349,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its stake in Pioneer Municipal High Income Fund by 5.4% in the third quarter. Stifel Financial Corp now owns 35,890 shares of the investment management company’s stock valued at $345,000 after acquiring an additional 1,836 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Pioneer Municipal High Income Fund in the fourth quarter valued at $736,000. Park Avenue Securities LLC lifted its stake in Pioneer Municipal High Income Fund by 4.4% in the fourth quarter. Park Avenue Securities LLC now owns 113,263 shares of the investment management company’s stock valued at $1,049,000 after acquiring an additional 4,767 shares during the last quarter. Van ECK Associates Corp lifted its stake in Pioneer Municipal High Income Fund by 0.7% in the fourth quarter. Van ECK Associates Corp now owns 163,778 shares of the investment management company’s stock valued at $1,517,000 after acquiring an additional 1,125 shares during the last quarter. Finally, Rivernorth Capital Management LLC lifted its stake in Pioneer Municipal High Income Fund by 135.8% in the third quarter. Rivernorth Capital Management LLC now owns 1,288,638 shares of the investment management company’s stock valued at $12,371,000 after acquiring an additional 742,058 shares during the last quarter.

Pioneer Municipal High Income Fund Trading Up 0.6 %

Shares of MHI stock opened at $9.40 on Friday. The company has a fifty day moving average price of $9.39 and a two-hundred day moving average price of $9.46. Pioneer Municipal High Income Fund, Inc. has a one year low of $8.45 and a one year high of $9.74.

Pioneer Municipal High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Tuesday, February 18th.

Pioneer Municipal High Income Fund Company Profile

Pioneer Municipal High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum.