Saba Capital Management, L.P., a prominent investment management firm, recently reported significant stock acquisitions in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV), a fund currently trading at $8.51 with a market capitalization of $203.51 million. According to InvestingPro data, MAV has maintained dividend payments for 22 consecutive years, currently offering a 4.57% yield. According to the latest filings, Saba Capital purchased a total of 37,572 shares over two days, with transaction prices ranging from $8.49 to $8.53 per share. The total investment amounted to approximately $319,944. These transactions have increased Saba Capital's stake in the fund to 3,798,700 shares. The purchases were executed indirectly, reflecting Saba Capital's strategic positioning within the municipal bond market. The fund demonstrates strong financial health with an overall score of GREAT from InvestingPro, featuring low price volatility with a beta of 0.66.
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