Sit Investment Associates Inc. Acquires 208,259 Shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Sit Investment Associates Inc. increased its holdings in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,112,515 shares of the company’s stock after purchasing an additional 208,259 shares during the period. Sit Investment Associates Inc.’s holdings in Pioneer Municipal High Income Advantage Fund were worth $17,809,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its stake in shares of Pioneer Municipal High Income Advantage Fund by 105.8% during the 4th quarter. Sanctuary Advisors LLC now owns 21,891 shares of the company’s stock worth $188,000 after acquiring an additional 11,254 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Pioneer Municipal High Income Advantage Fund by 2.6% in the 4th quarter. Van ECK Associates Corp now owns 173,307 shares of the company’s stock worth $1,461,000 after purchasing an additional 4,360 shares during the last quarter. Park Avenue Securities LLC boosted its position in Pioneer Municipal High Income Advantage Fund by 4.7% during the fourth quarter. Park Avenue Securities LLC now owns 117,850 shares of the company’s stock worth $993,000 after purchasing an additional 5,297 shares during the period. Avantax Advisory Services Inc. grew its holdings in Pioneer Municipal High Income Advantage Fund by 59.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 54,177 shares of the company’s stock valued at $457,000 after purchasing an additional 20,115 shares during the last quarter. Finally, Rivernorth Capital Management LLC grew its holdings in Pioneer Municipal High Income Advantage Fund by 32.9% during the third quarter. Rivernorth Capital Management LLC now owns 1,379,762 shares of the company’s stock valued at $12,197,000 after purchasing an additional 341,293 shares during the last quarter.

Pioneer Municipal High Income Advantage Fund Stock Performance

Shares of Pioneer Municipal High Income Advantage Fund stock opened at $8.37 on Friday. The firm has a fifty day simple moving average of $8.54 and a 200-day simple moving average of $8.62. Pioneer Municipal High Income Advantage Fund, Inc. has a 1-year low of $7.77 and a 1-year high of $9.10.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Friday, March 14th.

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.