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MAV

Pioneer Municipal High Income Advantage Fund
MAV

Delisted

MAV was delisted on the 22nd of August, 2025.

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51 hedge funds and large institutions have $71.4M invested in Pioneer Municipal High Income Advantage Fund in 2020 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 17

0% less capital invested

Capital invested by funds: $71.5M → $71.4M (-$21K)

1.72% less ownership

Funds ownership: 27.38% → 25.66% (-1.7%)

9% less funds holding

Funds holding: 56 → 51 (-5)

50% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 10

Holders
51
Holders Change
-5
Holders Change %
-8.93%
% of All Funds
0.9%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
20
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$8.74M
2
Wells Fargo
Wells Fargo
California
+$898K
3
Invesco
Invesco
Georgia
+$592K
4
UBS Group
UBS Group
Switzerland
+$423K
5
AAM
Advisors Asset Management
Colorado
+$293K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$10.7M
2
GC
Guggenheim Capital
Illinois
-$654K
3
TJHA
Thomas J. Herzfeld Advisors
Florida
-$619K
4
RJA
Raymond James & Associates
Florida
-$505K
5
N
Nuveen
North Carolina
-$445K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$509K -$2.82K -250 -0.6%
KAS
27
Kestra Advisory Services
Texas
$474K +$237K +20,988 +107%
SPIA
28
Steward Partners Investment Advisory
New York
$416K – – –
KM
29
Kalos Management
Georgia
$310K – – –
6M
30
6 Meridian
Kansas
$287K +$3.52K +312 +1%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$240K +$87.9K +7,793 +61%
Rockefeller Capital Management
32
Rockefeller Capital Management
New York
$233K -$75.8K -6,720 -25%
LPL Financial
33
LPL Financial
California
$222K +$45.4K +4,028 +27%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$216K +$282 +25 +0.1%
IAIM
35
International Assets Investment Management
Florida
$164K +$159K +14,081 New
CP
36
Camelot Portfolios
Ohio
$163K – – –
Bank of America
37
Bank of America
North Carolina
$159K -$197K -17,503 -56%
HKAM
38
Horizon Kinetics Asset Management
New York
$154K – – –
CFGS
39
Concourse Financial Group Securities
Alabama
$146K +$44K +3,900 +45%
SWP
40
Stratos Wealth Partners
Ohio
$117K – – –
Citigroup
41
Citigroup
New York
$47K +$5.58K +495 +14%
FEG
42
Financial Enhancement Group
Indiana
$44K +$42.2K +3,742 New
FIA
43
FNY Investment Advisers
New York
$27K +$26.2K +2,322 New
WT
44
Washington Trust
Rhode Island
$17K – – –
PWPS
45
Pinnacle Wealth Planning Services
Ohio
$9K +$9.1K +807 New
NFSG
46
Newbridge Financial Services Group
Florida
$8K – – –
NFG
47
Next Financial Group
Texas
$3K – – –
PAM
48
Panagora Asset Management
Massachusetts
$1K -$4.25K -377 -83%
N
49
Nuveen
North Carolina
– -$445K -40,709 Closed
CRC
50
Curi RMB Capital
Illinois
– -$436K -39,959 Closed
1
2
3

MAV Hedge Fund Activity: Q4 2020 in Review

51 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q4 2020, worth a combined $71.4M — down 0.03% from $71.5M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of MAV and 5 opened new positions — a net loss of 5 holders — while 17 trimmed existing stakes and 20 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $8.74M. The largest seller was Karpus Investment Management, cutting an estimated $10.7M.

  • 51 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q4 2020, down from 56 in Q3 2020.
  • Funds reported $71.4M of Pioneer Municipal High Income Advantage Fund stock for Q4 2020, down 0.03% quarter-over-quarter.
  • 5 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q4 2020 and 10 closed out, a net change of -5 holders.
  • The largest Pioneer Municipal High Income Advantage Fund buyer in Q4 2020 was Rivernorth Capital Management, an estimated $8.74M added.
  • The largest Pioneer Municipal High Income Advantage Fund seller in Q4 2020 was Karpus Investment Management, an estimated $10.7M sold.

Based on aggregated 13F filings for Q4 2020.