Insider Buying: Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Major Shareholder Purchases 2,100 Shares of Stock

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) major shareholder Saba Capital Management, L.P. acquired 2,100 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $8.60 per share, for a total transaction of $18,060.00. Following the acquisition, the insider now owns 3,071,576 shares of the company’s stock, valued at approximately $26,415,553.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major 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 25th, Saba Capital Management, L.P. purchased 26,275 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were purchased at an average cost of $8.40 per share, for a total transaction of $220,710.00.
• On Tuesday, July 23rd, Saba Capital Management, L.P. purchased 49,356 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were acquired at an average price of $8.37 per share, for a total transaction of $413,109.72.
• On Thursday, July 18th, Saba Capital Management, L.P. bought 21,324 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were purchased at an average price of $8.35 per share, for a total transaction 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 shares were bought 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. bought 19,612 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were bought at an average cost 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 purchased 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. purchased 20,874 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were bought at an average cost of $8.12 per share, for a total transaction of $169,496.88.
• On Wednesday, May 15th, Saba Capital Management, L.P. acquired 49,514 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was purchased at an average cost of $8.08 per share, with a total value of $400,073.12.

Pioneer Municipal High Income Advantage Fund Stock Down 1.3 %

Shares of Pioneer Municipal High Income Advantage Fund stock traded down $0.11 on Monday, reaching $8.51. The company’s stock had a trading volume of 33,036 shares, compared to its average volume of 57,597. Pioneer Municipal High Income Advantage Fund, Inc. has a 52-week low of $6.37 and a 52-week high of $8.71. The stock has a 50-day moving average price of $8.23 and a 200-day moving average price of $8.09.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th were given a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 4.58%. The ex-dividend date was Friday, July 19th.

Institutional Investors Weigh In On Pioneer Municipal High Income Advantage Fund

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund during the second quarter worth approximately $53,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 4th quarter worth about $68,000. PNC Financial Services Group Inc. purchased a new position in shares of Pioneer Municipal High Income Advantage Fund in the 4th quarter valued at $72,000. Catalytic Wealth RIA LLC acquired a new stake in Pioneer Municipal High Income Advantage Fund during the 4th quarter worth $135,000. Finally, Stratos Wealth Partners LTD. lifted its position in Pioneer Municipal High Income Advantage Fund by 46.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 20,270 shares of the company’s stock valued at $163,000 after acquiring an additional 6,470 shares during the last quarter.

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.