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 Tuesday, November 5th,Wall Street Journal reports. Investors of record on Friday, November 15th will be paid 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 4.47%. The ex-dividend date is Friday, November 15th.

Pioneer Municipal High Income Advantage Fund Stock Up 0.2 %

Shares of NYSE:MAV traded up $0.02 during mid-day trading on Thursday, hitting $8.72. The stock had a trading volume of 6,473 shares, compared to its average volume of 55,380. The company’s 50 day moving average is $8.76 and its 200-day moving average is $8.45. Pioneer Municipal High Income Advantage Fund has a 12-month low of $7.21 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. bought 14,860 shares of the stock in a transaction on Wednesday, August 28th. The shares were bought at an average price of $8.67 per share, with a total value of $128,836.20. Following the purchase, the insider now directly owns 3,285,719 shares in the company, valued at $28,487,183.73. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired 86,058 shares of company stock worth $744,811 over the last quarter.

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.