Van ECK Associates Corp Sells 3,165 Shares of Pioneer Municipal High Income Fund, Inc. (NYSE:MHI)

Van ECK Associates Corp decreased its position in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) by 1.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 162,653 shares of the investment management company’s stock after selling 3,165 shares during the period. Van ECK Associates Corp’s holdings in Pioneer Municipal High Income Fund were worth $1,513,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Whitebox Advisors LLC increased its position in shares of Pioneer Municipal High Income Fund by 48.3% during the 2nd quarter. Whitebox Advisors LLC now owns 329,238 shares of the investment management company’s stock worth $3,009,000 after purchasing an additional 107,248 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in Pioneer Municipal High Income Fund by 6.4% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 29,804 shares of the investment management company’s stock valued at $272,000 after buying an additional 1,800 shares in the last quarter. Rothschild Investment LLC acquired a new position in Pioneer Municipal High Income Fund in the 2nd quarter valued at $46,000. Finally, Integrated Capital Management Inc. grew its holdings in Pioneer Municipal High Income Fund by 7.1% in the 2nd quarter. Integrated Capital Management Inc. now owns 20,585 shares of the investment management company’s stock valued at $188,000 after buying an additional 1,370 shares in the last quarter.

Pioneer Municipal High Income Fund Trading Up 0.4 %

NYSE:MHI opened at $9.47 on Tuesday. The stock has a fifty day moving average price of $9.50 and a 200-day moving average price of $9.23. Pioneer Municipal High Income Fund, Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $9.72.

Pioneer Municipal High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.035 per share. The ex-dividend date is Friday, November 15th. This represents a $0.42 annualized dividend and a dividend yield of 4.44%.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. bought 4,360 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was purchased at an average cost of $9.43 per share, for a total transaction of $41,114.80. Following the completion of the transaction, the insider now owns 3,610,614 shares of the company’s stock, valued at $34,048,090.02. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders acquired a total of 32,971 shares of company stock worth $310,828 in the last ninety days.

About Pioneer Municipal High Income Fund

Pioneer Municipal High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum.