Whitebox Advisors LLC Boosts Stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Whitebox Advisors LLC lifted its stake in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 92.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 269,192 shares of the company’s stock after acquiring an additional 128,974 shares during the period. Whitebox Advisors LLC’s holdings in Pioneer Municipal High Income Advantage Fund were worth $2,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MAV. Riverbridge Partners LLC raised its position in Pioneer Municipal High Income Advantage Fund by 3.1% during the first quarter. Riverbridge Partners LLC now owns 138,414 shares of the company’s stock valued at $1,128,000 after purchasing an additional 4,223 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Pioneer Municipal High Income Advantage Fund in the 2nd quarter worth approximately $53,000. PNC Financial Services Group Inc. bought a new stake in Pioneer Municipal High Income Advantage Fund in the 4th quarter worth approximately $72,000. Kingswood Wealth Advisors LLC boosted its stake in Pioneer Municipal High Income Advantage Fund by 33.8% in the first 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 in the last quarter. Finally, Wealthspire Advisors LLC bought a new position in Pioneer Municipal High Income Advantage Fund during the second quarter valued at approximately $123,000.

Pioneer Municipal High Income Advantage Fund Stock Performance

Shares of MAV opened at $8.90 on Wednesday. Pioneer Municipal High Income Advantage Fund, Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $9.10. The firm has a 50 day moving average price of $8.68 and a 200-day moving average price of $8.28.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors 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 yield of 4.38%. The ex-dividend date is Friday, September 20th.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. acquired 21,324 shares of Pioneer Municipal High Income Advantage Fund stock in a transaction dated Thursday, July 18th. The shares were purchased at an average cost of $8.35 per share, with a total value of $178,055.40. Following the completion of the purchase, the insider now owns 2,910,950 shares of the company’s stock, valued at $24,306,432.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired 321,932 shares of company stock valued at $2,743,644 over the last three months.

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.