Hennion & Walsh Asset Management Inc. Buys 295,281 Shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Hennion & Walsh Asset Management Inc. lifted its stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 114.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 552,818 shares of the company’s stock after acquiring an additional 295,281 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Pioneer Municipal High Income Advantage Fund were worth $4,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC lifted its holdings in shares of Pioneer Municipal High Income Advantage Fund by 32.9% during the 3rd 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 period. Whitebox Advisors LLC increased its position in Pioneer Municipal High Income Advantage Fund by 92.0% during the second quarter. Whitebox Advisors LLC now owns 269,192 shares of the company’s stock valued at $2,210,000 after acquiring an additional 128,974 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Pioneer Municipal High Income Advantage Fund by 784.0% in the third quarter. International Assets Investment Management LLC now owns 57,460 shares of the company’s stock valued at $508,000 after acquiring an additional 50,960 shares during the period. Bank of New York Mellon Corp boosted its position in Pioneer Municipal High Income Advantage Fund by 67.2% in the second quarter. Bank of New York Mellon Corp now owns 92,680 shares of the company’s stock worth $761,000 after purchasing an additional 37,249 shares during the last quarter. Finally, Insigneo Advisory Services LLC bought a new position in shares of Pioneer Municipal High Income Advantage Fund in the 3rd quarter worth approximately $203,000.

Pioneer Municipal High Income Advantage Fund Stock Performance

NYSE:MAV opened at $8.53 on Thursday. The business has a fifty day moving average price of $8.63 and a 200-day moving average price of $8.64. Pioneer Municipal High Income Advantage Fund, Inc. has a one year low of $7.77 and a one year high of $9.10.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.0325 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.57%.

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.