Envestnet Asset Management Inc. Grows Stock Holdings in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Envestnet Asset Management Inc. raised its position in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV – Get Rating) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,379 shares of the company’s stock after buying an additional 4,552 shares during the period. Envestnet Asset Management Inc.’s holdings in Pioneer Municipal High Income Advantage Fund were worth $999,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MAV. IFP Advisors Inc boosted its position in shares of Pioneer Municipal High Income Advantage Fund by 850.9% during the third quarter. IFP Advisors Inc now owns 7,750 shares of the company’s stock worth $89,000 after buying an additional 6,935 shares during the period. Walleye Capital LLC purchased a new position in shares of Pioneer Municipal High Income Advantage Fund during the first quarter worth $108,000. Truist Financial Corp boosted its position in shares of Pioneer Municipal High Income Advantage Fund by 77.4% during the third quarter. Truist Financial Corp now owns 21,351 shares of the company’s stock worth $161,000 after buying an additional 9,313 shares during the period. Logan Stone Capital LLC purchased a new position in shares of Pioneer Municipal High Income Advantage Fund during the third quarter worth $162,000. Finally, Moloney Securities Asset Management LLC boosted its position in shares of Pioneer Municipal High Income Advantage Fund by 7.9% during the fourth quarter. Moloney Securities Asset Management LLC now owns 20,158 shares of the company’s stock worth $163,000 after buying an additional 1,480 shares during the period.

Pioneer Municipal High Income Advantage Fund Trading Up 0.7 %

Shares of NYSE MAV opened at $7.59 on Friday. Pioneer Municipal High Income Advantage Fund, Inc. has a 12-month low of $7.25 and a 12-month high of $9.53. The business’s fifty day simple moving average is $8.01 and its 200-day simple moving average is $8.13.

Pioneer Municipal High Income Advantage Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Thursday, May 18th will be paid a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Wednesday, May 17th.

Pioneer Municipal High Income Advantage Fund Profile

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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.