Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Major Shareholder Saba Capital Management, L.P. Buys 19,612 Shares

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) major shareholder Saba Capital Management, L.P. bought 19,612 shares of Pioneer Municipal High Income Advantage Fund stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $8.04 per share, for a total transaction of $157,680.48. Following the completion of the transaction, the insider now owns 2,842,868 shares of the company’s stock, valued at approximately $22,856,658.72. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Thursday, May 23rd, Saba Capital Management, L.P. acquired 2,117 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were purchased at an average price of $8.05 per share, for a total transaction of $17,041.85.
• On Tuesday, May 21st, Saba Capital Management, L.P. purchased 20,874 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were purchased at an average cost of $8.12 per share, for a total transaction of $169,496.88.
• On Wednesday, May 15th, Saba Capital Management, L.P. acquired 49,514 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was purchased at an average price of $8.08 per share, with a total value of $400,073.12.
• On Friday, May 3rd, Saba Capital Management, L.P. bought 13,162 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were acquired at an average cost of $7.96 per share, for a total transaction of $104,769.52.
• On Wednesday, May 1st, Saba Capital Management, L.P. purchased 24,037 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was acquired at an average cost of $7.82 per share, with a total value of $187,969.34.
• On Wednesday, April 24th, Saba Capital Management, L.P. acquired 7,534 shares of Pioneer Municipal High Income Advantage Fund stock. The shares were acquired at an average cost of $7.82 per share, for a total transaction of $58,915.88.
• On Tuesday, March 19th, Saba Capital Management, L.P. purchased 18,383 shares of Pioneer Municipal High Income Advantage Fund stock. The stock was bought at an average price of $8.12 per share, for a total transaction of $149,269.96.

Pioneer Municipal High Income Advantage Fund Stock Performance

Shares of NYSE MAV opened at $7.97 on Friday. The business has a fifty day moving average price of $7.98 and a 200 day moving average price of $7.94. Pioneer Municipal High Income Advantage Fund, Inc. has a 1-year low of $6.37 and a 1-year high of $8.19.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date was Thursday, May 16th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC purchased a new stake in Pioneer Municipal High Income Advantage Fund in the fourth quarter valued at about $68,000. PNC Financial Services Group Inc. acquired a new stake in Pioneer Municipal High Income Advantage Fund in the 4th quarter worth approximately $72,000. Journey Strategic Wealth LLC grew its position in Pioneer Municipal High Income Advantage Fund by 18.2% during the 3rd quarter. Journey Strategic Wealth LLC now owns 13,000 shares of the company’s stock worth $87,000 after purchasing an additional 2,000 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Pioneer Municipal High Income Advantage Fund during the 3rd quarter worth approximately $129,000. Finally, Catalytic Wealth RIA LLC acquired a new position in Pioneer Municipal High Income Advantage Fund during the 4th quarter valued at approximately $135,000.

About Pioneer Municipal High Income Advantage Fund

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.