Saba Capital Management, L.P. Acquires 2,541 Shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Stock

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) major shareholder Saba Capital Management, L.P. acquired 2,541 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $8.50 per share, with a total value of $21,598.50. Following the completion of the purchase, the insider now owns 3,074,117 shares in the company, valued at $26,129,994.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, August 2nd, Saba Capital Management, L.P. purchased 2,100 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was acquired at an average cost of $8.60 per share, with a total value of $18,060.00.
• On Thursday, July 25th, Saba Capital Management, L.P. purchased 26,275 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was acquired at an average cost of $8.40 per share, with a total value of $220,710.00.
• On Tuesday, July 23rd, Saba Capital Management, L.P. acquired 49,356 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was purchased at an average price of $8.37 per share, with a total value of $413,109.72.
• On Thursday, July 18th, Saba Capital Management, L.P. acquired 21,324 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was purchased at an average price of $8.35 per share, with a total value of $178,055.40.
• On Thursday, July 11th, Saba Capital Management, L.P. acquired 46,758 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was purchased at an average price of $8.34 per share, with a total value of $389,961.72.
• On Tuesday, May 28th, Saba Capital Management, L.P. acquired 19,612 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was purchased at an average price of $8.04 per share, with a total value of $157,680.48.
• On Thursday, May 23rd, Saba Capital Management, L.P. acquired 2,117 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was purchased at an average price of $8.05 per share, with a total value of $17,041.85.
• On Tuesday, May 21st, Saba Capital Management, L.P. acquired 20,874 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was purchased at an average price of $8.12 per share, with a total value of $169,496.88.
• On Wednesday, May 15th, Saba Capital Management, L.P. bought 49,514 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were bought at an average cost of $8.08 per share, with a total value of $400,073.12.

Pioneer Municipal High Income Advantage Fund Trading Up 0.5 %

Shares of NYSE MAV traded up $0.04 during mid-day trading on Tuesday, hitting $8.54. 30,507 shares of the company traded hands, compared to its average volume of 57,481. Pioneer Municipal High Income Advantage Fund, Inc. has a 1 year low of $6.37 and a 1 year high of $8.71. The business has a 50 day moving average of $8.24 and a two-hundred day moving average of $8.10.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 19th were issued a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Friday, July 19th.

Institutional Investors Weigh In On Pioneer Municipal High Income Advantage Fund

Several hedge funds have recently modified their holdings of MAV. International Assets Investment Management LLC lifted its holdings in shares of Pioneer Municipal High Income Advantage Fund by 644.7% during the fourth quarter. International Assets Investment Management LLC now owns 52,130 shares of the company’s stock valued at $418,000 after purchasing an additional 45,130 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Pioneer Municipal High Income Advantage Fund by 46.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 20,270 shares of the company’s stock valued at $163,000 after buying an additional 6,470 shares during the period. Blue Bell Private Wealth Management LLC acquired a new position in Pioneer Municipal High Income Advantage Fund during the fourth quarter valued at $68,000. Van ECK Associates Corp raised its position in Pioneer Municipal High Income Advantage Fund by 13.3% during the fourth quarter. Van ECK Associates Corp now owns 182,186 shares of the company’s stock valued at $1,461,000 after buying an additional 21,421 shares during the period. Finally, Robinson Capital Management LLC raised its position in Pioneer Municipal High Income Advantage Fund by 16.1% during the fourth quarter. Robinson Capital Management LLC now owns 413,907 shares of the company’s stock valued at $3,320,000 after buying an additional 57,313 shares during the period.

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.