Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Announces $0.03 Monthly Dividend

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) announced a monthly dividend on Thursday, October 3rd, NASDAQ reports. Investors of record on Friday, October 18th will be paid a dividend of 0.0325 per share on Thursday, October 31st. This represents a $0.39 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Friday, October 18th.

Pioneer Municipal High Income Advantage Fund Price Performance

Shares of NYSE:MAV traded down $0.03 on Friday, reaching $8.81. 104,390 shares of the company traded hands, compared to its average volume of 56,171. The company’s 50 day moving average is $8.76 and its 200-day moving average is $8.32. Pioneer Municipal High Income Advantage Fund has a fifty-two week low of $6.37 and a fifty-two week high of $9.10.

Insider Buying and Selling at Pioneer Municipal High Income Advantage Fund

In related news, major shareholder Saba Capital Management, L.P. purchased 46,758 shares of Pioneer Municipal High Income Advantage Fund stock in a transaction dated Thursday, July 11th. The stock was acquired at an average cost of $8.34 per share, with a total value of $389,961.72. Following the completion of the transaction, the insider now directly owns 2,889,626 shares of the company’s stock, valued at $24,099,480.84. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 321,932 shares of company stock valued at $2,743,644 in the last three months.

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.