Park Avenue Securities LLC Buys 5,297 Shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Park Avenue Securities LLC lifted its stake in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 117,850 shares of the company’s stock after purchasing an additional 5,297 shares during the quarter. Park Avenue Securities LLC’s holdings in Pioneer Municipal High Income Advantage Fund were worth $993,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Almitas Capital LLC raised its stake in shares of Pioneer Municipal High Income Advantage Fund by 11.9% during the 2nd quarter. Almitas Capital LLC now owns 91,192 shares of the company’s stock valued at $749,000 after purchasing an additional 9,700 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 3rd quarter valued at $92,000. Moloney Securities Asset Management LLC bought a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 3rd quarter valued at $97,000. XML Financial LLC bought a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 3rd quarter valued at $155,000. Finally, Insigneo Advisory Services LLC bought a new stake in shares of Pioneer Municipal High Income Advantage Fund during the 3rd quarter valued at $203,000.

Pioneer Municipal High Income Advantage Fund Stock Performance

Shares of NYSE MAV opened at $8.53 on Tuesday. The stock’s 50-day simple moving average is $8.62 and its two-hundred day simple moving average is $8.64. Pioneer Municipal High Income Advantage Fund, Inc. has a twelve month low of $7.77 and a twelve month high of $9.10.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.0325 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.39 dividend on an annualized basis and a yield of 4.57%.

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.