Blue Bell Private Wealth Management LLC Raises Stock Holdings in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Blue Bell Private Wealth Management LLC grew its position in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 95.8% in the second quarter, Holdings Channel reports. The fund owned 53,934 shares of the company’s stock after buying an additional 26,389 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in Pioneer Municipal High Income Advantage Fund were worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MAV. International Assets Investment Management LLC bought a new position in Pioneer Municipal High Income Advantage Fund during the second quarter valued at $53,000. PNC Financial Services Group Inc. bought a new stake in shares of Pioneer Municipal High Income Advantage Fund in the 4th quarter worth about $72,000. Catalytic Wealth RIA LLC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 4th quarter valued at about $135,000. Kingswood Wealth Advisors LLC lifted its holdings in shares of Pioneer Municipal High Income Advantage Fund by 33.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 46,725 shares of the company’s stock valued at $381,000 after acquiring an additional 11,810 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. grew its position in Pioneer Municipal High Income Advantage Fund by 135.0% in the fourth quarter. City of London Investment Management Co. Ltd. now owns 93,720 shares of the company’s stock worth $752,000 after acquiring an additional 53,841 shares in the last quarter.

Insider Buying and Selling at Pioneer Municipal High Income Advantage Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 21,324 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was purchased at an average cost of $8.35 per share, with a total value of $178,055.40. Following the purchase, the insider now owns 2,910,950 shares in the company, valued at $24,306,432.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 321,932 shares of company stock worth $2,743,644 over the last quarter.

Pioneer Municipal High Income Advantage Fund Stock Performance

Shares of MAV stock opened at $8.84 on Friday. Pioneer Municipal High Income Advantage Fund, Inc. has a 1 year low of $6.37 and a 1 year high of $8.86. The stock’s 50 day simple moving average is $8.51 and its two-hundred day simple moving average is $8.20.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Friday, September 20th.

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.