Saba capital administration acquires $7,641 in Pioneer Municipal Excessive Earnings Benefit Fund inventory

Saba Capital Administration, L.P., a major proprietor within the Pioneer Municipal Excessive Earnings Benefit Fund, Inc. (NYSE:MAV), lately elevated its holdings within the firm. Based on a latest SEC submitting, the agency acquired 900 shares of widespread inventory at a value of $8.49 per share on January 21, 2025, amounting to a complete buy worth of $7,641. This transaction brings Saba Capital’s complete shares owned within the fund to three,909,084. The fund, at the moment valued at $203.75 million, maintains a robust monetary place with a present ratio of 17.9 and has constantly paid dividends for 23 consecutive years, in line with InvestingPro knowledge. The acquisition displays ongoing curiosity within the fund by Saba Capital, which is led by Boaz Weinstein, a notable determine within the monetary sector. Buying and selling at a P/E ratio of 5.09 and demonstrating low value volatility, MAV exhibits promising metrics. For deeper insights and extra evaluation, buyers can entry extra unique recommendations on InvestingPro.

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