Avantax Advisory Services Inc. Buys 20,115 Shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Avantax Advisory Services Inc. increased its stake in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 59.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 54,177 shares of the company’s stock after purchasing an additional 20,115 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Pioneer Municipal High Income Advantage Fund were worth $457,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rivernorth Capital Management LLC grew its stake in shares of 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 buying an additional 341,293 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Pioneer Municipal High Income Advantage Fund by 114.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 552,818 shares of the company’s stock valued at $4,660,000 after acquiring an additional 295,281 shares during the period. Raymond James Financial Inc. bought a new position in Pioneer Municipal High Income Advantage Fund in the 4th quarter valued at $532,000. Insigneo Advisory Services LLC purchased a new stake in Pioneer Municipal High Income Advantage Fund in the third quarter worth $203,000. Finally, Kingswood Wealth Advisors LLC lifted its position in shares of Pioneer Municipal High Income Advantage Fund by 25.6% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 58,700 shares of the company’s stock worth $495,000 after purchasing an additional 11,975 shares during the last quarter.

Pioneer Municipal High Income Advantage Fund Price Performance

Shares of MAV opened at $8.47 on Monday. Pioneer Municipal High Income Advantage Fund, Inc. has a 12-month low of $7.77 and a 12-month high of $9.10. The firm has a fifty day moving average price of $8.56 and a 200-day moving average price of $8.65.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th 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 4.60%. The ex-dividend date of this dividend is 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.