Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) to Issue $0.03 Monthly Dividend

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) declared a monthly dividend on Wednesday, September 6th, Wall Street Journal reports. Stockholders of record on Wednesday, September 20th will be paid a dividend of 0.0275 per share on Friday, September 29th. This represents a $0.33 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Tuesday, September 19th.

Pioneer Municipal High Income Advantage Fund Stock Performance

NYSE MAV opened at $7.20 on Friday. Pioneer Municipal High Income Advantage Fund has a twelve month low of $7.18 and a twelve month high of $8.87. The stock has a fifty day simple moving average of $7.68 and a 200 day simple moving average of $7.85.

Institutional Trading of Pioneer Municipal High Income Advantage Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its holdings in Pioneer Municipal High Income Advantage Fund by 26.1% in the second quarter. Osaic Holdings Inc. now owns 113,285 shares of the company’s stock valued at $895,000 after purchasing an additional 23,430 shares during the period. Baird Financial Group Inc. increased its holdings in Pioneer Municipal High Income Advantage Fund by 1.9% in the second quarter. Baird Financial Group Inc. now owns 94,386 shares of the company’s stock valued at $746,000 after purchasing an additional 1,769 shares during the period. LPL Financial LLC increased its holdings in Pioneer Municipal High Income Advantage Fund by 2.5% in the second quarter. LPL Financial LLC now owns 55,104 shares of the company’s stock valued at $481,000 after purchasing an additional 1,347 shares during the period. Royal Bank of Canada increased its holdings in Pioneer Municipal High Income Advantage Fund by 6.2% in the first quarter. Royal Bank of Canada now owns 47,130 shares of the company’s stock valued at $463,000 after purchasing an additional 2,746 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Pioneer Municipal High Income Advantage Fund by 8.2% during the third quarter. Commonwealth Equity Services LLC now owns 40,673 shares of the company’s stock valued at $307,000 after acquiring an additional 3,093 shares during the last quarter.

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.