Robinson Capital Management LLC grew its stake in Pioneer Municipal High Inc (NYSE:MAV) by 134.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 641,350 shares of the company’s stock after purchasing an additional 368,090 shares during the quarter. Pioneer Municipal High makes up approximately 2.2% of Robinson Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Robinson Capital Management LLC’s holdings in Pioneer Municipal High were worth $6,901,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Quad Cities Investment Group LLC bought a new stake in Pioneer Municipal High during the 4th quarter valued at $49,000. Executive Wealth Management LLC purchased a new stake in shares of Pioneer Municipal High in the fourth quarter worth about $51,000. Advisor Group Inc. lifted its position in shares of Pioneer Municipal High by 276.0% in the fourth quarter. Advisor Group Inc. now owns 5,606 shares of the company’s stock valued at $57,000 after acquiring an additional 4,115 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of Pioneer Municipal High by 250.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 5,734 shares of the company’s stock valued at $58,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Pioneer Municipal High in the fourth quarter valued at approximately $113,000.
Separately, Royal Bank of Canada reiterated a “buy” rating and issued a $11.00 target price on shares of Pioneer Municipal High in a report on Friday, March 29th.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 17th will be issued a dividend of $0.0425 per share. This represents a $0.51 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Tuesday, April 16th.
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Pioneer Municipal High Profile
Pioneer Municipal High Income Advantage Trust is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.
Read More: Book Value Per Share – BVPS
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