Almitas Capital LLC Has $1.81 Million Stake in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI)

Almitas Capital LLC raised its stake in shares of Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) by 72.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 195,878 shares of the investment management company’s stock after purchasing an additional 82,347 shares during the period. Almitas Capital LLC’s holdings in Pioneer Municipal High Income Fund were worth $1,814,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Daner Wealth Management LLC bought a new position in shares of Pioneer Municipal High Income Fund in the 4th quarter worth about $247,000. Noble Wealth Management PBC bought a new position in Pioneer Municipal High Income Fund in the 4th quarter valued at about $282,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Pioneer Municipal High Income Fund by 5.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 33,742 shares of the investment management company’s stock valued at $312,000 after purchasing an additional 1,773 shares in the last quarter. Stifel Financial Corp boosted its holdings in Pioneer Municipal High Income Fund by 6.0% during the 4th quarter. Stifel Financial Corp now owns 38,049 shares of the investment management company’s stock worth $352,000 after acquiring an additional 2,159 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC grew its position in Pioneer Municipal High Income Fund by 29.4% in the 4th quarter. Garden State Investment Advisory Services LLC now owns 46,200 shares of the investment management company’s stock worth $428,000 after purchasing an additional 10,500 shares in the last quarter.

Pioneer Municipal High Income Fund Price Performance

Pioneer Municipal High Income Fund stock opened at $9.11 on Friday. Pioneer Municipal High Income Fund, Inc. has a 52 week low of $8.50 and a 52 week high of $9.74. The company’s 50 day moving average price is $9.14 and its two-hundred day moving average price is $9.33.

Pioneer Municipal High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 17th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a yield of 4.61%.

Pioneer Municipal High Income Fund Profile

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.