Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 67.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,680 shares of the company’s stock after buying an additional 37,249 shares during the period. Bank of New York Mellon Corp’s holdings in Pioneer Municipal High Income Advantage Fund were worth $761,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MAV. Whitebox Advisors LLC bought a new position in shares of Pioneer Municipal High Income Advantage Fund in the 1st quarter worth about $1,143,000. City of London Investment Management Co. Ltd. grew its stake in shares of Pioneer Municipal High Income Advantage Fund by 106.7% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 193,683 shares of the company’s stock worth $1,579,000 after purchasing an additional 99,963 shares during the last quarter. Riverbridge Partners LLC grew its holdings in shares of Pioneer Municipal High Income Advantage Fund by 3.1% in the 1st quarter. Riverbridge Partners LLC now owns 138,414 shares of the company’s stock worth $1,128,000 after acquiring an additional 4,223 shares during the last quarter. Kingswood Wealth Advisors LLC raised its holdings in Pioneer Municipal High Income Advantage Fund by 33.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 46,725 shares of the company’s stock worth $381,000 after buying an additional 11,810 shares during the period. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund during the fourth quarter valued at approximately $72,000.

Insider Buying and Selling at Pioneer Municipal High Income Advantage Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 21,324 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were purchased at an average cost of $8.35 per share, for a total transaction of $178,055.40. Following the completion of the purchase, the insider now directly owns 2,910,950 shares of the company’s stock, valued at approximately $24,306,432.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought 321,932 shares of company stock worth $2,743,644 over the last ninety days.

Pioneer Municipal High Income Advantage Fund Trading Down 0.4 %

MAV stock opened at $8.98 on Monday. The company has a 50 day moving average of $8.66 and a two-hundred day moving average of $8.27. Pioneer Municipal High Income Advantage Fund, Inc. has a 12-month low of $6.37 and a 12-month high of $9.10.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be given a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Friday, September 20th.

Pioneer Municipal High Income Advantage Fund 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.