Pathstone Holdings LLC Lowers Stock Position in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Pathstone Holdings LLC cut its stake in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 3.2% in the 3rd quarter, Holdings Channel reports. The fund owned 342,990 shares of the company’s stock after selling 11,518 shares during the quarter. Pathstone Holdings LLC’s holdings in Pioneer Municipal High Income Advantage Fund were worth $3,032,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. acquired a new position in Pioneer Municipal High Income Advantage Fund during the third quarter worth about $2,277,000. Whitebox Advisors LLC boosted its position in shares of Pioneer Municipal High Income Advantage Fund by 92.0% in the second quarter. Whitebox Advisors LLC now owns 269,192 shares of the company’s stock worth $2,210,000 after acquiring an additional 128,974 shares during the last quarter. City of London Investment Management Co. Ltd. grew its stake in shares of Pioneer Municipal High Income Advantage Fund by 36.1% during the 2nd 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. International Assets Investment Management LLC increased 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 acquiring an additional 50,960 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Pioneer Municipal High Income Advantage Fund by 67.2% in 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 during the period.

Insider Transactions at Pioneer Municipal High Income Advantage Fund

In related news, major shareholder Saba Capital Management, L.P. bought 14,860 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was bought at an average cost of $8.67 per share, for a total transaction of $128,836.20. Following the completion of the purchase, the insider now directly owns 3,285,719 shares in the company, valued at approximately $28,487,183.73. The trade was a 0.45 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Pioneer Municipal High Income Advantage Fund Price Performance

NYSE:MAV opened at $8.67 on Monday. The business’s 50-day moving average is $8.73 and its two-hundred day moving average is $8.49. Pioneer Municipal High Income Advantage Fund, Inc. has a 12 month low of $7.36 and a 12 month high of $9.10.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Friday, November 15th.

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.