Raymond James Financial Services Advisors Inc. Reduces Stock Holdings in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Raymond James Financial Services Advisors Inc. reduced its stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 44.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,328 shares of the company’s stock after selling 13,209 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Pioneer Municipal High Income Advantage Fund were worth $131,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Saba Capital Management L.P. grew its position in Pioneer Municipal High Income Advantage Fund by 307.0% in the 3rd 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 last quarter. AQR Arbitrage LLC grew its position in Pioneer Municipal High Income Advantage Fund by 79.5% in the 3rd quarter. AQR Arbitrage LLC now owns 294,280 shares of the company’s stock valued at $1,981,000 after buying an additional 130,373 shares during the last quarter. Advisor Partners II LLC purchased a new position in Pioneer Municipal High Income Advantage Fund in the 3rd quarter valued at $630,000. AE Wealth Management LLC purchased a new position in Pioneer Municipal High Income Advantage Fund in the 3rd quarter valued at $249,000. Finally, Advisor Resource Council acquired a new stake in Pioneer Municipal High Income Advantage Fund in the fourth quarter valued at $287,000.

Insider Buying and Selling at Pioneer Municipal High Income Advantage Fund

In other Pioneer Municipal High Income Advantage Fund news, major shareholder Saba Capital Management, L.P. bought 18,383 shares of Pioneer Municipal High Income Advantage Fund stock in a transaction on 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 $21,365,205.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pioneer Municipal High Income Advantage Fund Price Performance

Pioneer Municipal High Income Advantage Fund stock opened at $7.81 on Friday. Pioneer Municipal High Income Advantage Fund, Inc. has a one year low of $6.37 and a one year high of $8.20. The business has a fifty day moving average of $8.04 and a two-hundred day moving average of $7.71.

Pioneer Municipal High Income Advantage Fund Increases Dividend

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

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.