Park Avenue Securities LLC Sells 2,138 Shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Park Avenue Securities LLC lowered its position in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,712 shares of the company’s stock after selling 2,138 shares during the quarter. Park Avenue Securities LLC’s holdings in Pioneer Municipal High Income Advantage Fund were worth $966,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Integrated Capital Management Inc. boosted its position in shares of Pioneer Municipal High Income Advantage Fund by 9.9% during the 1st quarter. Integrated Capital Management Inc. now owns 24,623 shares of the company’s stock worth $206,000 after purchasing an additional 2,211 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Pioneer Municipal High Income Advantage Fund by 2.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 125,821 shares of the company’s stock worth $1,061,000 after buying an additional 3,095 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Pioneer Municipal High Income Advantage Fund by 2.6% in the 4th quarter. Van ECK Associates Corp now owns 173,307 shares of the company’s stock worth $1,461,000 after purchasing an additional 4,360 shares during the period. Thomas J. Herzfeld Advisors Inc. raised its holdings in shares of Pioneer Municipal High Income Advantage Fund by 15.9% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 34,950 shares of the company’s stock worth $295,000 after purchasing an additional 4,794 shares during the period. Finally, Noble Wealth Management PBC bought a new stake in Pioneer Municipal High Income Advantage Fund during the 4th quarter valued at $51,000.

Pioneer Municipal High Income Advantage Fund Price Performance

Shares of MAV stock opened at $8.32 on Friday. The company’s fifty day simple moving average is $8.16 and its two-hundred day simple moving average is $8.42. Pioneer Municipal High Income Advantage Fund, Inc. has a 1 year low of $7.62 and a 1 year high of $9.10.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.0325 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.39 dividend on an annualized basis and a yield of 4.69%.

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.