Park Avenue Securities LLC Cuts Position in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Park Avenue Securities LLC trimmed its holdings in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 1.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 115,712 shares of the company’s stock after selling 2,138 shares during the period. Park Avenue Securities LLC’s holdings in Pioneer Municipal High Income Advantage Fund were worth $966,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Noble Wealth Management PBC bought a new position in shares of Pioneer Municipal High Income Advantage Fund during the fourth quarter valued at about $51,000. Sanctuary Advisors LLC grew its holdings in Pioneer Municipal High Income Advantage Fund by 105.8% in the fourth quarter. Sanctuary Advisors LLC now owns 21,891 shares of the company’s stock worth $188,000 after purchasing an additional 11,254 shares during the period. Nomura Holdings Inc. purchased a new stake in Pioneer Municipal High Income Advantage Fund in the fourth quarter worth about $197,000. Integrated Capital Management Inc. grew its holdings in Pioneer Municipal High Income Advantage Fund by 9.9% in 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. Finally, Transce3nd LLC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund during the fourth quarter valued at approximately $254,000.

Pioneer Municipal High Income Advantage Fund Trading Up 0.1%

NYSE:MAV opened at $8.32 on Friday. The company’s 50 day moving average price is $8.16 and its 200-day moving average price is $8.42. Pioneer Municipal High Income Advantage Fund, Inc. has a 52 week low of $7.62 and a 52 week high of $9.10.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Wednesday, June 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.