Mackay Shields LLC Has $7.35 Million Holdings in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI)

Mackay Shields LLC lessened its stake in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 793,604 shares of the investment management company’s stock after selling 3,294 shares during the quarter. Mackay Shields LLC’s holdings in Pioneer Municipal High Income Fund were worth $7,349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MHI. Rivernorth Capital Management LLC boosted its holdings in shares of Pioneer Municipal High Income Fund by 155.3% in the third quarter. Rivernorth Capital Management LLC now owns 1,395,686 shares of the investment management company’s stock valued at $13,399,000 after buying an additional 849,106 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in Pioneer Municipal High Income Fund during the fourth quarter worth $736,000. Park Avenue Securities LLC boosted its holdings in Pioneer Municipal High Income Fund by 4.4% during the fourth quarter. Park Avenue Securities LLC now owns 113,263 shares of the investment management company’s stock worth $1,049,000 after purchasing an additional 4,767 shares during the last quarter. Stifel Financial Corp boosted its holdings in Pioneer Municipal High Income Fund by 5.4% during the third quarter. Stifel Financial Corp now owns 35,890 shares of the investment management company’s stock worth $345,000 after purchasing an additional 1,836 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Pioneer Municipal High Income Fund by 0.7% during the fourth quarter. Van ECK Associates Corp now owns 163,778 shares of the investment management company’s stock worth $1,517,000 after purchasing an additional 1,125 shares during the last quarter.

Pioneer Municipal High Income Fund Stock Performance

Shares of MHI opened at $9.40 on Friday. Pioneer Municipal High Income Fund, Inc. has a 12 month low of $8.45 and a 12 month high of $9.74. The firm has a fifty day simple moving average of $9.39 and a 200 day simple moving average of $9.46.

Pioneer Municipal High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Tuesday, February 18th.

Pioneer Municipal High Income Fund Profile

Pioneer Municipal High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum.