Thomas J. Herzfeld Advisors Inc. Increases Stock Holdings in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV)

Thomas J. Herzfeld Advisors Inc. grew its stake in shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) by 15.9% during the fourth quarter, Holdings Channel reports. The firm owned 34,950 shares of the company’s stock after purchasing an additional 4,794 shares during the period. Thomas J. Herzfeld Advisors Inc.’s holdings in Pioneer Municipal High Income Advantage Fund were worth $295,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rivernorth Capital Management LLC raised its stake in Pioneer Municipal High Income Advantage Fund by 32.9% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,379,762 shares of the company’s stock worth $12,197,000 after acquiring an additional 341,293 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Pioneer Municipal High Income Advantage Fund by 114.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 552,818 shares of the company’s stock worth $4,660,000 after purchasing an additional 295,281 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund during the fourth quarter worth about $532,000. Insigneo Advisory Services LLC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the 3rd quarter valued at about $203,000. Finally, Avantax Advisory Services Inc. boosted its position in shares of Pioneer Municipal High Income Advantage Fund by 59.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 54,177 shares of the company’s stock valued at $457,000 after purchasing an additional 20,115 shares during the period.

Pioneer Municipal High Income Advantage Fund Stock Performance

NYSE:MAV opened at $8.37 on Tuesday. Pioneer Municipal High Income Advantage Fund, Inc. has a 52-week low of $7.77 and a 52-week high of $9.10. The stock’s 50 day moving average price is $8.55 and its 200 day moving average price is $8.63.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0325 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.66%.

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.