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Saba Capital Management, L.P. recently increased its stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV), a $202.79 million market cap fund known for its 22-year track record of consecutive dividend payments and current 4.59% yield. The firm acquired a total of 52,840 shares over several transactions. The purchases, made on December 23, 24, and 26, were executed at prices ranging from $8.46 to $8.47 per share, amounting to a total investment of approximately $447,194.
The transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission. Following these acquisitions, Saba Capital Management now holds 3,721,362 shares of the fund. Boaz Weinstein, a ten percent owner, is associated with these transactions, reinforcing the firm's significant position in the fund. InvestingPro analysis reveals the fund trades with notably low price volatility and maintains strong liquidity with a current ratio of 17.9. Subscribers can access additional detailed insights and financial health metrics on the platform.
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