Raymond James & Associates Has $604,000 Stock Holdings in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI)

Raymond James & Associates lifted its stake in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) by 3.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 69,976 shares of the investment management company’s stock after purchasing an additional 2,067 shares during the quarter. Raymond James & Associates’ holdings in Pioneer Municipal High Income Fund were worth $604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MHI. Saba Capital Management L.P. lifted its stake in Pioneer Municipal High Income Fund by 373.5% during the third quarter. Saba Capital Management L.P. now owns 2,366,369 shares of the investment management company’s stock valued at $17,109,000 after buying an additional 1,866,605 shares in the last quarter. Advisor Partners II LLC purchased a new stake in shares of Pioneer Municipal High Income Fund in the 3rd quarter valued at approximately $2,251,000. AQR Arbitrage LLC boosted its stake in Pioneer Municipal High Income Fund by 86.3% in the 3rd quarter. AQR Arbitrage LLC now owns 327,254 shares of the investment management company’s stock worth $2,366,000 after purchasing an additional 151,617 shares during the period. Advisor Resource Council purchased a new position in Pioneer Municipal High Income Fund during the 4th quarter worth approximately $292,000. Finally, Bank of New York Mellon Corp raised its stake in Pioneer Municipal High Income Fund by 125.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 50,264 shares of the investment management company’s stock valued at $363,000 after purchasing an additional 27,931 shares during the period.

Insider Buying and Selling

In other Pioneer Municipal High Income Fund news, major shareholder Saba Capital Management, L.P. bought 5,666 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were bought at an average price of $8.76 per share, for a total transaction of $49,634.16. Following the acquisition, the insider now directly owns 3,370,310 shares of the company’s stock, valued at $29,523,915.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders acquired 53,717 shares of company stock valued at $471,022.

Pioneer Municipal High Income Fund Stock Performance

MHI opened at $8.60 on Thursday. The stock has a fifty day moving average of $8.73 and a 200-day moving average of $8.32. Pioneer Municipal High Income Fund, Inc. has a 12-month low of $6.93 and a 12-month high of $8.95.

Pioneer Municipal High Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 19th will be given a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 4.88%. This is a positive change from Pioneer Municipal High Income Fund’s previous monthly dividend of $0.03. The ex-dividend date is Thursday, April 18th.

Pioneer Municipal High Income Fund Profile

Pioneer Municipal High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum.