Park Avenue Securities LLC reduced its stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAV) by 1.8% in the first quarter of 2025. The firm sold 2,138 shares, leaving it with 115,712 shares valued at approximately $966,000, according to its latest SEC filing.
Other institutional investors also adjusted their positions recently. Integrated Capital Management increased its holdings by 9.9%, now owning 24,623 shares worth $206,000.
Envestnet Asset Management raised its stake by 2.5% to 125,821 shares valued at $1.06 million. Van ECK Associates added 2.6%, holding 173,307 shares worth $1.46 million.
Thomas J. Herzfeld Advisors boosted its shares by 15.9% to 34,950. Noble Wealth Management entered the fund with a new $51,000 position.
Pioneer Municipal High Income Advantage Fund shares opened at $8.32 on Friday. The stock’s 50-day moving average is $8.16, and its 200-day average is $8.42. Over the past year, shares have ranged from $7.62 to $9.10.
The fund recently declared a monthly dividend of $0.0325 per share, payable June 30 to shareholders of record on June 18. This equals an annual dividend of $0.39 per share and a yield of 4.69%.
Pioneer Municipal High Income Advantage Fund is a closed-end mutual fund managed by Pioneer Investment Management. It invests mainly in U.S. municipal bonds and benchmarks its performance against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.
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