Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Increases Dividend to $0.04 Per Share

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAVGet Rating) announced a monthly dividend on Thursday, August 4th, Zacks reports. Investors of record on Thursday, August 18th will be given a dividend of 0.044 per share on Wednesday, August 31st. This represents a $0.53 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Wednesday, August 17th. This is an increase from Pioneer Municipal High Income Advantage Fund’s previous monthly dividend of $0.04.

Pioneer Municipal High Income Advantage Fund Stock Up 0.2 %

NYSE MAV traded up $0.02 during trading hours on Friday, reaching $9.25. 121,485 shares of the company’s stock were exchanged, compared to its average volume of 73,141. Pioneer Municipal High Income Advantage Fund has a one year low of $8.25 and a one year high of $12.60. The firm has a fifty day moving average of $8.92 and a 200-day moving average of $9.54.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Pioneer Municipal High Income Advantage Fund by 6.2% in the 1st quarter. Royal Bank of Canada now owns 47,130 shares of the company’s stock valued at $463,000 after purchasing an additional 2,746 shares during the period. Baird Financial Group Inc. increased its holdings in Pioneer Municipal High Income Advantage Fund by 20.4% during the 1st quarter. Baird Financial Group Inc. now owns 47,390 shares of the company’s stock worth $466,000 after purchasing an additional 8,030 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Pioneer Municipal High Income Advantage Fund in the 1st quarter valued at about $108,000. Guggenheim Capital LLC grew its holdings in Pioneer Municipal High Income Advantage Fund by 18.3% during the first quarter. Guggenheim Capital LLC now owns 298,721 shares of the company’s stock worth $2,937,000 after purchasing an additional 46,254 shares during the period. Finally, Robinson Capital Management LLC grew its holdings in Pioneer Municipal High Income Advantage Fund by 154.9% during the first quarter. Robinson Capital Management LLC now owns 371,887 shares of the company’s stock worth $3,656,000 after purchasing an additional 225,967 shares during the period.

Pioneer Municipal High Income Advantage Fund Company Profile

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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.

Further Reading

Dividend History for Pioneer Municipal High Income Advantage Fund (NYSE:MAV)

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