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

Hennion & Walsh Asset Management Inc. purchased a new position in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 257,537 shares of the company’s stock, valued at approximately $2,277,000.

Other large investors also recently bought and sold shares of the company. Whitebox Advisors LLC lifted its stake in shares of Pioneer Municipal High Income Advantage Fund by 92.0% in the 2nd quarter. Whitebox Advisors LLC now owns 269,192 shares of the company’s stock valued at $2,210,000 after purchasing an additional 128,974 shares in the last quarter. City of London Investment Management Co. Ltd. raised its holdings in Pioneer Municipal High Income Advantage Fund by 36.1% in the second quarter. City of London Investment Management Co. Ltd. now owns 263,683 shares of the company’s stock valued at $2,165,000 after buying an additional 70,000 shares during the period. Bank of New York Mellon Corp lifted its position in Pioneer Municipal High Income Advantage Fund by 67.2% during the second quarter. Bank of New York Mellon Corp now owns 92,680 shares of the company’s stock valued at $761,000 after buying an additional 37,249 shares in the last quarter. Almitas Capital LLC grew its stake in Pioneer Municipal High Income Advantage Fund by 11.9% during the second quarter. Almitas Capital LLC now owns 91,192 shares of the company’s stock worth $749,000 after buying an additional 9,700 shares during the period. Finally, International Assets Investment Management LLC grew its stake in Pioneer Municipal High Income Advantage Fund by 784.0% during the third quarter. International Assets Investment Management LLC now owns 57,460 shares of the company’s stock worth $508,000 after buying an additional 50,960 shares during the period.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. bought 57,917 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $8.66 per share, for a total transaction of $501,561.22. Following the acquisition, the insider now owns 3,161,537 shares in the company, valued at $27,378,910.42. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 178,219 shares of company stock worth $1,541,807 over the last quarter.

Pioneer Municipal High Income Advantage Fund Price Performance

Shares of MAV stock opened at $8.58 on Friday. The company’s fifty day simple moving average is $8.78 and its 200-day simple moving average is $8.39. Pioneer Municipal High Income Advantage Fund, Inc. has a 52 week low of $6.37 and a 52 week high of $9.10.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be given a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 4.55%. The ex-dividend date is Friday, October 18th.

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.