79,476 Shares in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. acquired a new stake in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) during the fourth quarter, Holdings Channel reports. The fund acquired 79,476 shares of the investment management company’s stock, valued at approximately $736,000.

A number of other hedge funds also recently bought and sold shares of the business. Whitebox Advisors LLC increased its stake in shares of 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 acquiring an additional 107,248 shares during the last quarter. Rivernorth Capital Management LLC raised its position in shares of Pioneer Municipal High Income Fund by 135.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,288,638 shares of the investment management company’s stock valued at $12,371,000 after buying an additional 742,058 shares during the period. Stifel Financial Corp lifted its holdings in Pioneer Municipal High Income Fund by 5.4% in the third quarter. Stifel Financial Corp now owns 35,890 shares of the investment management company’s stock valued at $345,000 after acquiring an additional 1,836 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of Pioneer Municipal High Income Fund by 4.4% in the 4th quarter. Park Avenue Securities LLC now owns 113,263 shares of the investment management company’s stock valued at $1,049,000 after purchasing an additional 4,767 shares during the last quarter.

Pioneer Municipal High Income Fund Trading Up 0.5 %

Shares of MHI opened at $9.40 on Monday. Pioneer Municipal High Income Fund, Inc. has a 1-year low of $8.34 and a 1-year high of $9.74. The firm has a 50-day simple moving average of $9.45 and a two-hundred day simple moving average of $9.42.

Pioneer Municipal High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.035 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.42 dividend on an annualized basis and a yield of 4.47%.

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.