Saba Capital Management, L.P., a significant stakeholder in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV), reported a recent acquisition of additional shares. The firm purchased 400 shares of common stock at a price of $8.73 per share, totaling $3,492. The fund, with a market capitalization of $212.36 million, has demonstrated strong performance with a 14.64% year-to-date return and currently offers a 4.42% dividend yield. Following this transaction, Saba Capital Management now holds 3,484,052 shares indirectly. The transaction was executed on November 27, 2024, and was disclosed in a Form 4 filing with the Securities and Exchange Commission. The fund has maintained dividend payments for 22 consecutive years and currently trades near its 52-week high of $9.10. InvestingPro subscribers can access additional insights, including 5 more ProTips about MAV's financial health and market position.
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