Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 784.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,460 shares of the company’s stock after acquiring an additional 50,960 shares during the quarter. International Assets Investment Management LLC’s holdings in Pioneer Municipal High Income Advantage Fund were worth $508,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Whitebox Advisors LLC acquired a new position in Pioneer Municipal High Income Advantage Fund in the first quarter valued at $1,143,000. City of London Investment Management Co. Ltd. increased its stake in Pioneer Municipal High Income Advantage Fund by 106.7% in the first quarter. City of London Investment Management Co. Ltd. now owns 193,683 shares of the company’s stock valued at $1,579,000 after purchasing an additional 99,963 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Pioneer Municipal High Income Advantage Fund by 67.2% in the second quarter. Bank of New York Mellon Corp now owns 92,680 shares of the company’s stock valued at $761,000 after purchasing an additional 37,249 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its stake in Pioneer Municipal High Income Advantage Fund by 95.8% in the second quarter. Blue Bell Private Wealth Management LLC now owns 53,934 shares of the company’s stock valued at $443,000 after purchasing an additional 26,389 shares during the last quarter. Finally, Wealthspire Advisors LLC acquired a new position in Pioneer Municipal High Income Advantage Fund in the second quarter valued at $123,000.

Pioneer Municipal High Income Advantage Fund Trading Up 0.2 %

Pioneer Municipal High Income Advantage Fund stock opened at $8.71 on Wednesday. The stock has a fifty day moving average price of $8.77 and a 200 day moving average price of $8.43. Pioneer Municipal High Income Advantage Fund, Inc. has a 52 week low of $6.77 and a 52 week high of $9.10.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a $0.0325 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.39 annualized dividend and a yield of 4.48%.

Insider Activity at Pioneer Municipal High Income Advantage Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 3,318 shares of the stock in a transaction on Friday, August 16th. The stock was purchased at an average price of $8.69 per share, with a total value of $28,833.42. Following the completion of the transaction, the insider now owns 3,201,679 shares in the company, valued at approximately $27,822,590.51. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders acquired 144,075 shares of company stock worth $1,247,243.

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.