12,000 Shares in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new stake in shares of Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,000 shares of the investment management company’s stock, valued at approximately $104,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flow State Investments L.P. bought a new position in Pioneer Municipal High Income Fund during the 4th quarter valued at approximately $181,000. Advisor Resource Council bought a new position in Pioneer Municipal High Income Fund during the 4th quarter valued at approximately $292,000. Steward Partners Investment Advisory LLC increased its position in Pioneer Municipal High Income Fund by 167.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 49,760 shares of the investment management company’s stock valued at $429,000 after buying an additional 31,163 shares in the last quarter. Tyche Wealth Partners LLC bought a new position in Pioneer Municipal High Income Fund during the 4th quarter valued at approximately $520,000. Finally, Raymond James & Associates increased its position in Pioneer Municipal High Income Fund by 3.0% during the 4th quarter. Raymond James & Associates now owns 69,976 shares of the investment management company’s stock valued at $604,000 after buying an additional 2,067 shares in the last quarter.

Insiders Place Their Bets

In other Pioneer Municipal High Income Fund news, major shareholder Saba Capital Management, L.P. bought 3,538 shares of Pioneer Municipal High Income Fund stock in a transaction on Thursday, May 23rd. The stock was acquired at an average price of $8.88 per share, with a total value of $31,417.44. Following the acquisition, the insider now owns 3,453,223 shares in the company, valued at $30,664,620.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders acquired 19,408 shares of company stock valued at $171,533.

Pioneer Municipal High Income Fund Price Performance

Pioneer Municipal High Income Fund stock opened at $9.07 on Tuesday. The stock has a fifty day simple moving average of $8.84 and a two-hundred day simple moving average of $8.72. Pioneer Municipal High Income Fund, Inc. has a 12 month low of $6.93 and a 12 month high of $9.12.

Pioneer Municipal High Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be issued a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Tuesday, June 18th.

Pioneer Municipal High Income Fund Company 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.