In a recent transaction, Saba Capital Management, L.P., a prominent investment firm, acquired 23,008 shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV). The purchase, dated January 6, 2025, was made at a price of $8.52 per share, resulting in a total investment of $196,028. The fund, currently trading at $8.55 with a market capitalization of $204.47 million, offers a dividend yield of 4.56% and has maintained dividend payments for 22 consecutive years according to InvestingPro data. Following this acquisition, Saba Capital Management holds a total of 3,821,708 shares in the fund. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. Boaz Weinstein, associated with Saba Capital, also signed off on the transaction. With a P/E ratio of 5.1 and an overall financial health score rated as 'GREAT' by InvestingPro, investors can access additional valuable insights and metrics through the platform.
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