Sit Investment Associates Inc. Buys 208,259 Shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Sit Investment Associates Inc. raised its stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 10.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,112,515 shares of the company’s stock after acquiring an additional 208,259 shares during the period. Sit Investment Associates Inc.’s holdings in Pioneer Municipal High Income Advantage Fund were worth $17,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Noble Wealth Management PBC acquired a new stake in Pioneer Municipal High Income Advantage Fund during the fourth quarter worth about $51,000. Sanctuary Advisors LLC bought a new stake in shares of Pioneer Municipal High Income Advantage Fund during the third quarter valued at approximately $92,000. XML Financial LLC increased its position in shares of Pioneer Municipal High Income Advantage Fund by 9.1% during the fourth quarter. XML Financial LLC now owns 19,100 shares of the company’s stock valued at $161,000 after purchasing an additional 1,600 shares during the period. Insigneo Advisory Services LLC acquired a new position in shares of Pioneer Municipal High Income Advantage Fund in the third quarter valued at $203,000. Finally, Thomas J. Herzfeld Advisors Inc. lifted its holdings in shares of Pioneer Municipal High Income Advantage Fund by 15.9% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 34,950 shares of the company’s stock worth $295,000 after acquiring an additional 4,794 shares during the period.

Pioneer Municipal High Income Advantage Fund Trading Down 0.3 %

Shares of NYSE:MAV opened at $8.37 on Friday. Pioneer Municipal High Income Advantage Fund, Inc. has a fifty-two week low of $7.77 and a fifty-two week high of $9.10. The business’s fifty day moving average price is $8.54 and its two-hundred day moving average price is $8.62.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 4.66%. The ex-dividend date was Friday, March 14th.

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.