Thomas J. Herzfeld Advisors Inc. Raises Stock Position in Pioneer Municipal High Income Advantage Fund, Inc. $MAV

Thomas J. Herzfeld Advisors Inc. boosted its position in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 26.0% during the first quarter, Holdings Channel.com reports. The firm owned 44,032 shares of the company’s stock after buying an additional 9,082 shares during the quarter. Thomas J. Herzfeld Advisors Inc.’s holdings in Pioneer Municipal High Income Advantage Fund were worth $368,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in Pioneer Municipal High Income Advantage Fund by 2.1% during the first quarter. Envestnet Asset Management Inc. now owns 128,411 shares of the company’s stock worth $1,072,000 after purchasing an additional 2,590 shares during the period. Raymond James Financial Inc. purchased a new position in Pioneer Municipal High Income Advantage Fund during the fourth quarter worth about $532,000. Integrated Capital Management Inc. raised its stake in Pioneer Municipal High Income Advantage Fund by 9.9% during the first quarter. Integrated Capital Management Inc. now owns 24,623 shares of the company’s stock worth $206,000 after purchasing an additional 2,211 shares during the period. Chicago Partners Investment Group LLC raised its stake in Pioneer Municipal High Income Advantage Fund by 5.9% during the first quarter. Chicago Partners Investment Group LLC now owns 39,811 shares of the company’s stock worth $327,000 after purchasing an additional 2,232 shares during the period. Finally, Advisor Resource Council purchased a new position in Pioneer Municipal High Income Advantage Fund during the first quarter worth about $291,000.

Pioneer Municipal High Income Advantage Fund Price Performance

Pioneer Municipal High Income Advantage Fund stock opened at $8.0850 on Monday. The company’s 50 day simple moving average is $8.19 and its 200-day simple moving average is $8.28. Pioneer Municipal High Income Advantage Fund, Inc. has a 1 year low of $7.62 and a 1 year high of $9.10.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 18th were paid a $0.0325 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, July 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.