Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Position Increased by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC grew its stake in shares of Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) by 155.3% in the third quarter, Holdings Channel.com reports. The fund owned 1,395,686 shares of the investment management company’s stock after buying an additional 849,106 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Pioneer Municipal High Income Fund were worth $13,399,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MHI. Rothschild Investment LLC acquired a new stake in shares of Pioneer Municipal High Income Fund during the second quarter worth $46,000. Whitebox Advisors LLC increased its stake in Pioneer Municipal High Income Fund by 48.3% in the 2nd quarter. Whitebox Advisors LLC now owns 329,238 shares of the investment management company’s stock worth $3,009,000 after purchasing an additional 107,248 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in Pioneer Municipal High Income Fund by 6.4% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 29,804 shares of the investment management company’s stock worth $272,000 after buying an additional 1,800 shares during the period. Finally, Stifel Financial Corp lifted its stake in Pioneer Municipal High Income Fund by 5.4% during the third quarter. Stifel Financial Corp now owns 35,890 shares of the investment management company’s stock valued at $345,000 after buying an additional 1,836 shares in the last quarter.

Pioneer Municipal High Income Fund Stock Performance

Shares of MHI opened at $9.65 on Friday. Pioneer Municipal High Income Fund, Inc. has a one year low of $8.27 and a one year high of $9.74. The company has a 50-day moving average of $9.48 and a two-hundred day moving average of $9.35.

Pioneer Municipal High Income Fund Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Thursday, December 12th.

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.