Commonwealth Equity Services LLC Lowers Holdings in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI)

Commonwealth Equity Services LLC decreased its holdings in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI – Get Rating) by 41.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,674 shares of the investment management company’s stock after selling 49,342 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Pioneer Municipal High Income Fund were worth $589,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MHI. UBS Group AG lifted its stake in Pioneer Municipal High Income Fund by 626.6% in the second quarter. UBS Group AG now owns 250,045 shares of the investment management company’s stock worth $2,320,000 after acquiring an additional 215,633 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in Pioneer Municipal High Income Fund in the fourth quarter worth approximately $1,033,000. Guggenheim Capital LLC lifted its stake in Pioneer Municipal High Income Fund by 88.6% in the first quarter. Guggenheim Capital LLC now owns 238,903 shares of the investment management company’s stock worth $2,509,000 after acquiring an additional 112,222 shares during the last quarter. Robinson Capital Management LLC lifted its stake in Pioneer Municipal High Income Fund by 27.5% in the first quarter. Robinson Capital Management LLC now owns 426,367 shares of the investment management company’s stock worth $4,494,000 after acquiring an additional 91,957 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Pioneer Municipal High Income Fund by 31.4% in the first quarter. Advisors Asset Management Inc. now owns 352,940 shares of the investment management company’s stock worth $3,706,000 after acquiring an additional 84,339 shares during the last quarter.

Pioneer Municipal High Income Fund Trading Up 0.5 %

Shares of Pioneer Municipal High Income Fund stock opened at $8.20 on Friday. Pioneer Municipal High Income Fund, Inc. has a 52-week low of $7.82 and a 52-week high of $10.29. The company has a 50 day moving average of $8.69 and a 200 day moving average of $8.79.

Pioneer Municipal High Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Thursday, May 18th will be given a dividend of $0.0325 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $0.39 annualized dividend and a dividend yield of 4.76%.

Pioneer Municipal High Income Fund Company Profile

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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.