International Assets Investment Management LLC Buys 45,130 Shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

International Assets Investment Management LLC lifted its stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 644.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 52,130 shares of the company’s stock after acquiring an additional 45,130 shares during the period. International Assets Investment Management LLC’s holdings in Pioneer Municipal High Income Advantage Fund were worth $418,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Saba Capital Management L.P. lifted its stake in shares of Pioneer Municipal High Income Advantage Fund by 307.0% in the third quarter. Saba Capital Management L.P. now owns 1,946,700 shares of the company’s stock valued at $13,101,000 after buying an additional 1,468,441 shares during the period. Landscape Capital Management L.L.C. lifted its stake in shares of Pioneer Municipal High Income Advantage Fund by 55.3% in the third quarter. Landscape Capital Management L.L.C. now owns 22,843 shares of the company’s stock valued at $154,000 after buying an additional 8,136 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of Pioneer Municipal High Income Advantage Fund in the fourth quarter valued at about $280,000. AQR Arbitrage LLC raised its position in Pioneer Municipal High Income Advantage Fund by 79.5% in the third quarter. AQR Arbitrage LLC now owns 294,280 shares of the company’s stock worth $1,981,000 after purchasing an additional 130,373 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Pioneer Municipal High Income Advantage Fund by 54.3% in the third quarter. Bank of New York Mellon Corp now owns 55,299 shares of the company’s stock worth $372,000 after purchasing an additional 19,449 shares in the last quarter.

Pioneer Municipal High Income Advantage Fund Price Performance

NYSE:MAV opened at $7.81 on Friday. Pioneer Municipal High Income Advantage Fund, Inc. has a 12-month low of $6.37 and a 12-month high of $8.20. The firm has a 50-day moving average price of $8.04 and a 200 day moving average price of $7.71.

Pioneer Municipal High Income Advantage Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be given a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 4.99%. The ex-dividend date is Thursday, April 18th. This is a positive change from Pioneer Municipal High Income Advantage Fund’s previous monthly dividend of $0.03.

Insider Transactions at Pioneer Municipal High Income Advantage Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 18,383 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was bought at an average price of $8.12 per share, with a total value of $149,269.96. Following the completion of the acquisition, the insider now owns 2,631,183 shares in the company, valued at approximately $21,365,205.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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.