Saba Capital Administration, L.P., a major shareholder in Pioneer Municipal Excessive Earnings Benefit Fund, Inc. (NYSE:MAV), lately elevated its holdings within the fund. The $211 million market cap fund, which boasts a 4.45% dividend yield and has maintained dividend funds for 22 consecutive years based on InvestingPro, continues to draw institutional curiosity. Based on a submitting with the Securities and Alternate Fee, the agency acquired 1,700 shares at a worth of $8.74 every, totaling roughly $14,858. This transaction boosts Saba Capital Administration’s whole possession to three,485,752 shares, reflecting its ongoing funding technique within the fund. Presently buying and selling close to its 52-week excessive at $8.82, MAV demonstrates comparatively low volatility with a beta of 0.65. The acquisition was signed off by Zachary Gindes on behalf of Saba Capital Administration and by Boaz Weinstein. (InvestingPro subscribers have entry to 4 extra funding ideas for MAV.)
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