Pioneer Municipal High Income Advantage Fund, Inc. plans monthly dividend of $0.04 (NYSE:MAV)


Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV – Get Rating) announced a monthly dividend on Wednesday, April 6, reports The Wall Street Journal. Shareholders of record on Tuesday April 19 will receive a dividend of 0.04 per share on Friday April 29. This represents a dividend of $0.48 on an annualized basis and a dividend yield of 5.21%. The ex-dividend date is Monday, April 18.

MAV shares opened at $9.22 on Friday. The stock has a 50-day simple moving average of $10.11 and a 200-day simple moving average of $11.06. The Pioneer Municipal High Income Advantage fund has a fifty-two week low of $9.19 and a fifty-two week high of $12.98.

A number of hedge funds and other institutional investors have recently changed their holdings in the company. Citadel Advisors LLC purchased a new equity position in the Pioneer Municipal High Income Advantage Fund during Q3, valued at approximately $1,429,000. Morgan Stanley increased its stake in Pioneer Municipal High Income Advantage Fund by 14.5% during the third quarter. Morgan Stanley now owns 192,977 shares of the company valued at $2,239,000 after buying an additional 24,450 shares in the last quarter. Wells Fargo & Company MN increased its holdings in the Pioneer Municipal High Income Advantage Fund by 12.3% during the fourth quarter. Wells Fargo & Company MN now owns 195,703 shares of the company worth $2,260,000 after purchasing an additional 21,511 shares last quarter. LPL Financial LLC increased its position in Pioneer Municipal High Income Advantage Fund by 12.6% in the fourth quarter. LPL Financial LLC now owns 38,265 shares of the company worth $442,000 after purchasing an additional 4,267 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings of Pioneer Municipal High Income Advantage Fund shares by 1.0% in the fourth quarter. Advisors Asset Management Inc. now owns 283,122 shares of the company valued at $3,270,000 after buying 2,899 additional shares last quarter.

Pioneer Municipal High Income Advantage Fund Company Profile (Get an evaluation)

Pioneer Municipal High Income Advantage Fund, Inc. is a closed-end fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. The fund invests in the fixed income securities markets of the United States. It invests primarily in municipal bonds. The fund compares the performance of its portfolio to the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.

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Pioneer Municipal High Income Advantage Fund (NYSE:MAV) Dividend History



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