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

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) announced a monthly dividend on Tuesday, November 5th,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.0325 per share on Friday, November 29th. This represents a $0.39 annualized dividend and a yield of 4.47%. The ex-dividend date is Friday, November 15th.

Pioneer Municipal High Income Advantage Fund Price Performance

Shares of Pioneer Municipal High Income Advantage Fund stock traded up $0.02 on Thursday, reaching $8.72. The stock had a trading volume of 6,473 shares, compared to its average volume of 55,380. The business’s 50-day moving average price is $8.76 and its two-hundred day moving average price is $8.45. Pioneer Municipal High Income Advantage Fund has a fifty-two week low of $7.21 and a fifty-two week high of $9.10.

Insider Transactions at Pioneer Municipal High Income Advantage Fund

In related news, major shareholder Saba Capital Management, L.P. bought 3,318 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $8.69 per share, for a total transaction of $28,833.42. Following the purchase, the insider now directly owns 3,201,679 shares in the company, valued at $27,822,590.51. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders bought 86,058 shares of company stock worth $744,811.

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.