Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV – Get Free Report) declared a monthly dividend on Wednesday, July 3rd, NASDAQ reports. Investors of record on Friday, July 19th will be given a dividend of 0.0325 per share on Wednesday, July 31st. This represents a $0.39 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Friday, July 19th.
Pioneer Municipal High Income Advantage Fund Stock Up 1.0 %
MAV traded up $0.08 during trading on Thursday, reaching $8.29. The stock had a trading volume of 48,294 shares, compared to its average volume of 58,667. Pioneer Municipal High Income Advantage Fund has a one year low of $6.37 and a one year high of $8.35. The business has a 50-day moving average of $8.05 and a 200-day moving average of $8.04.
Insider Buying and Selling at Pioneer Municipal High Income Advantage Fund
In other Pioneer Municipal High Income Advantage Fund news, major shareholder Saba Capital Management, L.P. purchased 24,037 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was acquired at an average cost of $7.82 per share, for a total transaction of $187,969.34. Following the completion of the transaction, the insider now directly owns 2,701,710 shares in the company, valued at approximately $21,127,372.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired a total of 136,850 shares of company stock worth $1,095,947 over the last three months.
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.
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