Rivernorth Capital Management LLC Grows Holdings in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Rivernorth Capital Management LLC increased its stake in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 32.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,379,762 shares of the company’s stock after purchasing an additional 341,293 shares during the period. Rivernorth Capital Management LLC’s holdings in Pioneer Municipal High Income Advantage Fund were worth $12,197,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MAV. Whitebox Advisors LLC boosted its position in shares of Pioneer Municipal High Income Advantage Fund by 92.0% during the second quarter. Whitebox Advisors LLC now owns 269,192 shares of the company’s stock worth $2,210,000 after buying an additional 128,974 shares during the period. City of London Investment Management Co. Ltd. boosted its holdings in Pioneer Municipal High Income Advantage Fund by 36.1% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 263,683 shares of the company’s stock valued at $2,165,000 after acquiring an additional 70,000 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in Pioneer Municipal High Income Advantage Fund in the 3rd quarter valued at about $2,277,000. Bank of New York Mellon Corp increased its stake in Pioneer Municipal High Income Advantage Fund by 67.2% during the second quarter. Bank of New York Mellon Corp now owns 92,680 shares of the company’s stock worth $761,000 after purchasing an additional 37,249 shares during the period. Finally, Almitas Capital LLC lifted its position in shares of Pioneer Municipal High Income Advantage Fund by 11.9% during the second quarter. Almitas Capital LLC now owns 91,192 shares of the company’s stock worth $749,000 after purchasing an additional 9,700 shares in the last quarter.

Pioneer Municipal High Income Advantage Fund Stock Performance

Shares of MAV stock opened at $8.79 on Friday. Pioneer Municipal High Income Advantage Fund, Inc. has a fifty-two week low of $7.72 and a fifty-two week high of $9.10. The company has a 50 day moving average price of $8.70 and a 200 day moving average price of $8.56.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Thursday, December 12th.

Pioneer Municipal High Income Advantage Fund Company Profile

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.