Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Stock Holdings Lowered by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,812 shares of the company’s stock after selling 8,535 shares during the period. Raymond James & Associates’ holdings in Pioneer Municipal High Income Advantage Fund were worth $712,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Advisor Resource Council acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 4th quarter valued at $287,000. AQR Arbitrage LLC boosted its position in shares of Pioneer Municipal High Income Advantage Fund by 79.5% in the 3rd quarter. AQR Arbitrage LLC now owns 294,280 shares of the company’s stock valued at $1,981,000 after purchasing an additional 130,373 shares during the period. Saba Capital Management L.P. increased its stake in Pioneer Municipal High Income Advantage Fund by 307.0% in the 3rd quarter. Saba Capital Management L.P. now owns 1,946,700 shares of the company’s stock worth $13,101,000 after purchasing an additional 1,468,441 shares in the last quarter. Fiera Capital Corp raised its holdings in Pioneer Municipal High Income Advantage Fund by 2.2% during the 3rd quarter. Fiera Capital Corp now owns 457,400 shares of the company’s stock worth $3,078,000 after buying an additional 9,628 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in Pioneer Municipal High Income Advantage Fund during the third quarter valued at about $129,000.

Insider Activity

In other Pioneer Municipal High Income Advantage Fund news, major shareholder Saba Capital Management, L.P. purchased 18,383 shares of the stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average price of $8.12 per share, for a total transaction of $149,269.96. Following the completion of the acquisition, the insider now owns 2,631,183 shares of the company’s stock, valued at approximately $21,365,205.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Pioneer Municipal High Income Advantage Fund Price Performance

Pioneer Municipal High Income Advantage Fund stock opened at $7.84 on Wednesday. Pioneer Municipal High Income Advantage Fund, Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $8.20. The firm’s 50 day simple moving average is $8.05 and its 200-day simple moving average is $7.71.

Pioneer Municipal High Income Advantage Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be paid a dividend of $0.0325 per share. This is an increase from Pioneer Municipal High Income Advantage Fund’s previous monthly dividend of $0.03. This represents a $0.39 annualized dividend and a yield of 4.97%. The ex-dividend date is Thursday, April 18th.

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.