Bank of America just raised its EUR/USD forecast
Saba Capital Management, L.P., a significant stakeholder in the Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV), has increased its holdings with recent acquisitions of common stock. According to a recent SEC filing, the firm purchased a total of 39,859 shares across two transactions on January 7th and 8th, 2025, at a consistent price of $8.53 per share. These transactions amounted to a total investment of $339,997. The fund, currently valued at $202.79 million market cap, boasts an attractive 4.57% dividend yield and has maintained dividend payments for 23 consecutive years, according to InvestingPro data.
Following these acquisitions, Saba Capital Management now holds a substantial 3,861,567 shares in the fund. The purchases reflect the ongoing interest and investment strategy of Saba Capital Management and its principal, Boaz Weinstein, who is listed as a ten percent owner in the SEC filing. The transactions were reported under indirect ownership, indicating that the shares were acquired through an entity related to Saba Capital Management. With a P/E ratio of 5.08 and an overall financial health score rated as "GREAT" by InvestingPro analysts, MAV demonstrates strong fundamental metrics.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.