Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Shares Bought by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. lifted its stake in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 36.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 263,683 shares of the company’s stock after purchasing an additional 70,000 shares during the quarter. City of London Investment Management Co. Ltd.’s holdings in Pioneer Municipal High Income Advantage Fund were worth $2,165,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Gridiron Partners LLC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the fourth quarter valued at about $1,354,000. Whitebox Advisors LLC acquired a new position in Pioneer Municipal High Income Advantage Fund during the 1st quarter worth approximately $1,143,000. Riverbridge Partners LLC raised its stake in shares of Pioneer Municipal High Income Advantage Fund by 3.1% during the 1st quarter. Riverbridge Partners LLC now owns 138,414 shares of the company’s stock worth $1,128,000 after buying an additional 4,223 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $761,000 after buying an additional 37,249 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Pioneer Municipal High Income Advantage Fund by 95.8% during the second quarter. Blue Bell Private Wealth Management LLC now owns 53,934 shares of the company’s stock worth $443,000 after acquiring an additional 26,389 shares during the period.

Pioneer Municipal High Income Advantage Fund Stock Up 0.6 %

NYSE:MAV opened at $8.91 on Monday. The firm’s fifty day simple moving average is $8.59 and its 200-day simple moving average is $8.24. Pioneer Municipal High Income Advantage Fund, Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $8.98.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is Friday, September 20th.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. purchased 46,758 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were acquired at an average price of $8.34 per share, for a total transaction of $389,961.72. Following the acquisition, the insider now directly owns 2,889,626 shares in the company, valued at approximately $24,099,480.84. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have purchased 321,932 shares of company stock worth $2,743,644.

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.