Insider Buying: Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Major Shareholder Acquires $178,055.40 in Stock

Posted by Jessica Moore on Jul 25th, 2024

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV – Get Free Report) major shareholder Saba Capital Management, L.P. bought 21,324 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were bought at an average cost of $8.35 per share, for a total transaction of $178,055.40. Following the transaction, the insider now directly owns 2,910,950 shares of the company’s stock, valued at approximately $24,306,432.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Thursday, July 11th, Saba Capital Management, L.P. purchased 46,758 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were acquired at an average price of $8.34 per share, for a total transaction of $389,961.72.
On Tuesday, May 28th, Saba Capital Management, L.P. purchased 19,612 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were acquired at an average price of $8.04 per share, for a total transaction of $157,680.48.
On Thursday, May 23rd, Saba Capital Management, L.P. purchased 2,117 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were acquired at an average price of $8.05 per share, for a total transaction of $17,041.85.
On Tuesday, May 21st, Saba Capital Management, L.P. bought 20,874 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was purchased at an average price of $8.12 per share, for a total transaction of $169,496.88.
On Wednesday, May 15th, Saba Capital Management, L.P. purchased 49,514 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was acquired at an average cost of $8.08 per share, with a total value of $400,073.12.
On Friday, May 3rd, Saba Capital Management, L.P. purchased 13,162 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was acquired at an average cost of $7.96 per share, with a total value of $104,769.52.
On Wednesday, May 1st, Saba Capital Management, L.P. acquired 24,037 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were purchased at an average cost of $7.82 per share, with a total value of $187,969.34.
On Wednesday, April 24th, Saba Capital Management, L.P. acquired 7,534 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were purchased at an average cost of $7.82 per share, with a total value of $58,915.88.

Pioneer Municipal High Income Advantage Fund Stock Down 0.2 %

Shares of MAV stock opened at $8.38 on Thursday. The stock has a 50-day moving average of $8.17 and a 200-day moving average of $8.07. Pioneer Municipal High Income Advantage Fund, Inc. has a one year low of $6.37 and a one year high of $8.44.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 19th will be paid a $0.0325 dividend. The ex-dividend date is Friday, July 19th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.65%.

Institutional Trading of Pioneer Municipal High Income Advantage Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Camelot Portfolios LLC grew its position in shares of Pioneer Municipal High Income Advantage Fund by 13.3% in the 4th quarter. Camelot Portfolios LLC now owns 17,000 shares of the company’s stock valued at $136,000 after purchasing an additional 2,000 shares during the period. Riverbridge Partners LLC boosted its position in Pioneer Municipal High Income Advantage Fund by 3.1% during the 1st quarter. Riverbridge Partners LLC now owns 138,414 shares of the company’s stock worth $1,128,000 after acquiring an additional 4,223 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in Pioneer Municipal High Income Advantage Fund by 46.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,270 shares of the company’s stock worth $163,000 after acquiring an additional 6,470 shares during the last quarter. Blue Bell Private Wealth Management LLC acquired a new position in Pioneer Municipal High Income Advantage Fund during the 4th quarter worth approximately $68,000. Finally, PNC Financial Services Group Inc. acquired a new position in Pioneer Municipal High Income Advantage Fund during the 4th quarter worth approximately $72,000.

About Pioneer Municipal High Income Advantage Fund

(Get Free Report)

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.