Van ECK Associates Corp Sells 11,109 Shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Van ECK Associates Corp lessened its stake in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 5.9% during the second quarter, Holdings Channel.com reports. The firm owned 178,394 shares of the company’s stock after selling 11,109 shares during the period. Van ECK Associates Corp’s holdings in Pioneer Municipal High Income Advantage Fund were worth $1,465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Robinson Capital Management LLC grew its stake in Pioneer Municipal High Income Advantage Fund by 16.1% in the fourth quarter. Robinson Capital Management LLC now owns 413,907 shares of the company’s stock valued at $3,320,000 after acquiring an additional 57,313 shares during the period. City of London Investment Management Co. Ltd. lifted its stake in shares of Pioneer Municipal High Income Advantage Fund by 106.7% in the first quarter. City of London Investment Management Co. Ltd. now owns 193,683 shares of the company’s stock valued at $1,579,000 after buying an additional 99,963 shares in the last quarter. Gridiron Partners LLC acquired a new position in shares of Pioneer Municipal High Income Advantage Fund during the fourth quarter valued at about $1,354,000. Whitebox Advisors LLC bought a new stake in shares of Pioneer Municipal High Income Advantage Fund during the first quarter worth about $1,143,000. Finally, Riverbridge Partners LLC raised 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.

Pioneer Municipal High Income Advantage Fund Trading Down 0.2 %

MAV stock opened at $8.82 on Friday. Pioneer Municipal High Income Advantage Fund, Inc. has a 52-week low of $6.37 and a 52-week high of $8.87. The business has a 50-day simple moving average of $8.53 and a two-hundred day simple moving average of $8.21.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, September 20th. This represents a $0.39 annualized dividend and a yield of 4.42%.

Insider Activity at Pioneer Municipal High Income Advantage Fund

In other news, major shareholder Saba Capital Management, L.P. bought 21,324 shares of Pioneer Municipal High Income Advantage Fund stock in a transaction dated Thursday, July 18th. The stock was purchased at an average price of $8.35 per share, for a total transaction of $178,055.40. Following the purchase, the insider now directly owns 2,910,950 shares in the company, valued at approximately $24,306,432.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders purchased 321,932 shares of company stock valued at $2,743,644.

Pioneer Municipal High Income Advantage Fund Company 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.