Capital Investment Advisors LLC Has $1.37 Million Stock Holdings in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI)

Capital Investment Advisors LLC increased its holdings in shares of Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 160,658 shares of the investment management company’s stock after acquiring an additional 5,669 shares during the period. Capital Investment Advisors LLC’s holdings in Pioneer Municipal High Income Fund were worth $1,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MHI. Morgan Stanley boosted its holdings in Pioneer Municipal High Income Fund by 25.1% during the fourth quarter. Morgan Stanley now owns 1,660,133 shares of the investment management company’s stock valued at $14,244,000 after purchasing an additional 333,285 shares in the last quarter. Robinson Capital Management LLC grew its position in Pioneer Municipal High Income Fund by 27.5% in the first quarter. Robinson Capital Management LLC now owns 426,367 shares of the investment management company’s stock valued at $4,494,000 after acquiring an additional 91,957 shares during the period. Advisors Asset Management Inc. grew its position in Pioneer Municipal High Income Fund by 31.4% in the first quarter. Advisors Asset Management Inc. now owns 352,940 shares of the investment management company’s stock valued at $3,706,000 after acquiring an additional 84,339 shares during the period. Wells Fargo & Company MN raised its stake in Pioneer Municipal High Income Fund by 9.8% during the fourth quarter. Wells Fargo & Company MN now owns 336,642 shares of the investment management company’s stock worth $2,888,000 after acquiring an additional 30,153 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of Pioneer Municipal High Income Fund by 626.6% during the second quarter. UBS Group AG now owns 250,045 shares of the investment management company’s stock valued at $2,320,000 after acquiring an additional 215,633 shares during the period.

Pioneer Municipal High Income Fund Stock Performance

Shares of NYSE:MHI opened at $7.76 on Tuesday. The company’s fifty day moving average is $8.29 and its 200-day moving average is $8.50. Pioneer Municipal High Income Fund, Inc. has a 52 week low of $7.74 and a 52 week high of $9.53.

Pioneer Municipal High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be paid a dividend of $0.0275 per share. The ex-dividend date is Tuesday, September 19th. This represents a $0.33 annualized dividend and a yield of 4.25%.

About Pioneer Municipal High Income Fund

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.