Hennion & Walsh Asset Management Inc. Makes New $2.28 Million Investment in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Hennion & Walsh Asset Management Inc. bought a new stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 257,537 shares of the company’s stock, valued at approximately $2,277,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MAV. PNC Financial Services Group Inc. acquired a new position in shares of Pioneer Municipal High Income Advantage Fund during the 4th quarter worth $72,000. Kingswood Wealth Advisors LLC raised its position in Pioneer Municipal High Income Advantage Fund by 33.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 46,725 shares of the company’s stock worth $381,000 after acquiring an additional 11,810 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its holdings 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 purchasing an additional 99,963 shares in the last quarter. Whitebox Advisors LLC acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund in the first quarter valued at approximately $1,143,000. Finally, Bank of New York Mellon Corp raised its position in shares of Pioneer Municipal High Income Advantage Fund by 67.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 92,680 shares of the company’s stock worth $761,000 after purchasing an additional 37,249 shares during the last quarter.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. purchased 57,917 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $8.66 per share, with a total value of $501,561.22. Following the purchase, the insider now directly owns 3,161,537 shares of the company’s stock, valued at approximately $27,378,910.42. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders purchased 178,219 shares of company stock worth $1,541,807.

Pioneer Municipal High Income Advantage Fund Stock Up 0.4 %

MAV stock opened at $8.58 on Friday. The stock’s 50 day moving average price is $8.78 and its 200 day moving average price is $8.39. Pioneer Municipal High Income Advantage Fund, Inc. has a 1 year low of $6.37 and a 1 year high of $9.10.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be paid a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Friday, October 18th.

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.