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Saba Capital Management, L.P., a significant stakeholder in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV), recently increased its holdings in the company. According to a recent SEC filing, Saba Capital acquired 1,215 shares of common stock on February 3, 2025, at a price of $8.54 per share. This purchase amounts to a total investment of $10,376. The fund, currently valued at $204.71 million, trades at an attractive P/E ratio of 5.13 and offers a dividend yield of 4.56%.
The transaction was reported by Saba Capital Management along with Boaz Weinstein, both identified as ten percent owners of the fund. Following this acquisition, Saba Capital Management holds 3,922,889 shares in the fund. The purchase reflects Saba Capital’s continued interest in Pioneer Municipal High Income Advantage Fund, which specializes in high-yield municipal bonds. According to InvestingPro, MAV has maintained dividend payments for 23 consecutive years and currently maintains a GREAT overall financial health score.
Investors often monitor such transactions closely, as they can provide insights into the confidence levels of significant stakeholders in the company’s future performance. For more detailed analysis and additional insights, subscribers to InvestingPro can access over 30 financial metrics and exclusive investment tips.
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