Pioneer Municipal High Income Trust (MHI) Hits New 12-Month High at $12.07

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Pioneer Municipal High Income Trust (NYSE:MHI) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $12.07 and last traded at $12.01, with a volume of 100 shares trading hands. The stock had previously closed at $11.99.

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 17th will be given a dividend of $0.0525 per share. The ex-dividend date is Tuesday, April 16th. This represents a $0.63 annualized dividend and a yield of 5.23%.

Institutional investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its holdings in shares of Pioneer Municipal High Income Trust by 97.7% in the 4th quarter. Bank of Montreal Can now owns 4,048 shares of the investment management company’s stock worth $44,000 after acquiring an additional 2,000 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Pioneer Municipal High Income Trust in the 4th quarter worth approximately $125,000. Bank of New York Mellon Corp bought a new stake in shares of Pioneer Municipal High Income Trust in the 3rd quarter worth approximately $138,000. Strategic Financial Group LLC bought a new stake in shares of Pioneer Municipal High Income Trust in the 4th quarter worth approximately $159,000. Finally, Fisher Asset Management LLC bought a new stake in shares of Pioneer Municipal High Income Trust in the 4th quarter worth approximately $219,000.

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About Pioneer Municipal High Income Trust (NYSE:MHI)

Pioneer Municipal High Income Trust 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.

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