Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
Saba Capital Management, L.P. has increased its stake in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV), a $205 million market cap fund currently trading at $8.57, through recent acquisitions of common stock. The firm purchased a total of 6,189 shares over two consecutive days. On January 23, 2025, Saba acquired 6,149 shares at a price of $8.50 per share. The following day, January 24, 2025, they added an additional 40 shares at $8.52 each. These transactions amounted to a total investment of $52,607, with the price per share ranging from $8.50 to $8.52. According to InvestingPro, MAV typically exhibits low price volatility, making it an potentially stable investment choice. Following these acquisitions, Saba Capital Management holds a total of 3,915,273 shares in the fund. The investment appears well-timed, as MAV maintains a healthy 4.58% dividend yield and has maintained dividend payments for 23 consecutive years. InvestingPro analysis reveals several more key insights about the fund's financial strength.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.