Bank of New York Mellon Corp Raises Stock Position in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI)

Bank of New York Mellon Corp lifted its position in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,602 shares of the investment management company’s stock after purchasing an additional 6,044 shares during the quarter. Bank of New York Mellon Corp’s holdings in Pioneer Municipal High Income Fund were worth $552,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Stifel Financial Corp raised its position in Pioneer Municipal High Income Fund by 5.4% during the 3rd quarter. Stifel Financial Corp now owns 35,890 shares of the investment management company’s stock worth $345,000 after buying an additional 1,836 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Pioneer Municipal High Income Fund in the fourth quarter valued at $736,000. Park Avenue Securities LLC raised its position 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 acquiring an additional 4,767 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Pioneer Municipal High Income Fund by 0.7% during the 4th 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. Finally, Rivernorth Capital Management LLC boosted its stake in shares of Pioneer Municipal High Income Fund by 135.8% during the third quarter. Rivernorth Capital Management LLC now owns 1,288,638 shares of the investment management company’s stock valued at $12,371,000 after acquiring an additional 742,058 shares during the last quarter.

Pioneer Municipal High Income Fund Price Performance

NYSE:MHI opened at $9.19 on Friday. Pioneer Municipal High Income Fund, Inc. has a 1-year low of $8.45 and a 1-year high of $9.74. The firm has a 50 day simple moving average of $9.39 and a 200-day simple moving average of $9.44.

Pioneer Municipal High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Friday, March 14th.

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.