Hennion & Walsh Asset Management Inc. Boosts Holdings in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Hennion & Walsh Asset Management Inc. raised its stake in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 114.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 552,818 shares of the company’s stock after acquiring an additional 295,281 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Pioneer Municipal High Income Advantage Fund were worth $4,660,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MAV. Sanctuary Advisors LLC purchased a new position in Pioneer Municipal High Income Advantage Fund during the third quarter valued at $92,000. Moloney Securities Asset Management LLC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the third quarter worth about $97,000. Wealthspire Advisors LLC bought a new position in Pioneer Municipal High Income Advantage Fund during the second quarter valued at approximately $123,000. XML Financial LLC purchased a new position in Pioneer Municipal High Income Advantage Fund during the 3rd quarter valued at approximately $155,000. Finally, Insigneo Advisory Services LLC bought a new stake in Pioneer Municipal High Income Advantage Fund in the 3rd quarter worth approximately $203,000.

Pioneer Municipal High Income Advantage Fund Stock Up 0.7 %

Shares of MAV opened at $8.53 on Thursday. The business’s 50 day simple moving average is $8.63 and its 200-day simple moving average is $8.64. Pioneer Municipal High Income Advantage Fund, Inc. has a 1 year low of $7.77 and a 1 year high of $9.10.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0325 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.39 annualized dividend and a yield of 4.57%.

Pioneer Municipal High Income Advantage Fund 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.