Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its holdings in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 59.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,177 shares of the company’s stock after purchasing an additional 20,115 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Pioneer Municipal High Income Advantage Fund were worth $457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Pioneer Municipal High Income Advantage Fund in the 4th quarter worth $532,000. Noble Wealth Management PBC purchased a new position in shares of Pioneer Municipal High Income Advantage Fund in the fourth quarter worth about $51,000. Sanctuary Advisors LLC lifted its holdings in shares of Pioneer Municipal High Income Advantage Fund by 105.8% during the fourth quarter. Sanctuary Advisors LLC now owns 21,891 shares of the company’s stock worth $188,000 after purchasing an additional 11,254 shares during the period. Van ECK Associates Corp boosted its position in Pioneer Municipal High Income Advantage Fund by 2.6% in the fourth quarter. Van ECK Associates Corp now owns 173,307 shares of the company’s stock valued at $1,461,000 after buying an additional 4,360 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC increased its holdings in Pioneer Municipal High Income Advantage Fund by 25.6% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 58,700 shares of the company’s stock worth $495,000 after buying an additional 11,975 shares during the period.

Pioneer Municipal High Income Advantage Fund Price Performance

MAV opened at $8.47 on Monday. Pioneer Municipal High Income Advantage Fund, Inc. has a 12-month low of $7.77 and a 12-month high of $9.10. The firm has a 50 day moving average of $8.56 and a two-hundred day moving average of $8.65.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.0325 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.39 annualized dividend and a dividend yield of 4.60%.

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.