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

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) declared a monthly dividend on Wednesday, November 6th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Friday, November 15th.

Pioneer Municipal High Income Advantage Fund Stock Down 2.5 %

Shares of NYSE:MAV traded down $0.22 during midday trading on Wednesday, hitting $8.49. The company had a trading volume of 52,304 shares, compared to its average volume of 55,714. The firm has a fifty day simple moving average of $8.77 and a 200 day simple moving average of $8.43. Pioneer Municipal High Income Advantage Fund has a 12 month low of $6.85 and a 12 month high of $9.10.

Insider Activity

In other Pioneer Municipal High Income Advantage Fund news, major shareholder Saba Capital Management, L.P. purchased 3,318 shares of Pioneer Municipal High Income Advantage Fund stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of $8.69 per share, with a total value of $28,833.42. Following the transaction, the insider now owns 3,201,679 shares in the company, valued at $27,822,590.51. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have bought 144,075 shares of company stock valued at $1,247,243.

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.