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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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48 hedge funds and large institutions have $65M invested in Pioneer Municipal High Income Advantage Fund in 2021 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 18

2.65% less ownership

Funds ownership: 25.66% → 23.01% (-2.6%)

6% less funds holding

Funds holding: 51 → 48 (-3)

9% less capital invested

Capital invested by funds: $71.4M → $65M (-$6.44M)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
48
Holders Change
-3
Holders Change %
-5.88%
% of All Funds
0.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
18
Reduced
18
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$1.7M
2
AAM
Advisors Asset Management
Colorado
+$765K
3
Invesco
Invesco
Georgia
+$631K
4
Bank of America
Bank of America
North Carolina
+$531K
5
UBS Group
UBS Group
Switzerland
+$375K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$5.88M
2
1CP
1607 Capital Partners
Virginia
-$3.34M
3
KIM
Karpus Investment Management
New York
-$968K
4
TJHA
Thomas J. Herzfeld Advisors
Florida
-$737K
5
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
-$577K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPIA
26
Steward Partners Investment Advisory
New York
$422K – – –
LPL Financial
27
LPL Financial
California
$373K +$147K +12,523 +66%
IAIM
28
International Assets Investment Management
Florida
$333K +$168K +14,299 +102%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$272K +$28.8K +2,451 +12%
KIM
30
Karpus Investment Management
New York
$267K -$968K -82,340 -78%
Rockefeller Capital Management
31
Rockefeller Capital Management
New York
$236K – – –
KAS
32
Kestra Advisory Services
Texas
$233K -$247K -20,988 -52%
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$228K +$9.04K +769 +4%
KM
34
Kalos Management
Georgia
$200K -$117K -9,950 -38%
CFGS
35
Concourse Financial Group Securities
Alabama
$191K +$42.9K +3,645 +29%
CP
36
Camelot Portfolios
Ohio
$165K – – –
HKAM
37
Horizon Kinetics Asset Management
New York
$154K -$2.35K -200 -2%
ICMP
38
Integrated Capital Management (Pennsylvania)
Pennsylvania
$136K +$135K +11,491 New
PA
39
PFG Advisors
Arizona
$135K +$135K +11,446 New
AA
40
AlphaCentric Advisors
Puerto Rico
$74K +$73.7K +6,266 New
TJHA
41
Thomas J. Herzfeld Advisors
Florida
$37K -$737K -62,695 -95%
Citigroup
42
Citigroup
New York
$22K -$25.4K -2,159 -54%
WT
43
Washington Trust
Rhode Island
$18K – – –
SWM
44
Spire Wealth Management
Virginia
$14K +$14.1K +1,200 New
NFSG
45
Newbridge Financial Services Group
Florida
$8K – – –
NFG
46
Next Financial Group
Texas
$3K – – –
HI
47
Harbour Investments
Wisconsin
$3K +$2.94K +250 New
6M
48
6 Meridian
Kansas
– -$287K -24,669 Closed
SWP
49
Stratos Wealth Partners
Ohio
– -$117K -10,000 Closed
FEG
50
Financial Enhancement Group
Indiana
– -$44K -3,742 Closed
1
2
3

MAV Hedge Fund Activity: Q1 2021 in Review

48 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q1 2021, worth a combined $65M — down 9% from $71.4M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of MAV and 5 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 18 added.

The largest buyer was Wells Fargo, adding an estimated $1.7M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.88M.

  • 48 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q1 2021, down from 51 in Q4 2020.
  • Funds reported $65M of Pioneer Municipal High Income Advantage Fund stock for Q1 2021, down 9% quarter-over-quarter.
  • 5 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q1 2021 and 8 closed out, a net change of -3 holders.
  • The largest Pioneer Municipal High Income Advantage Fund buyer in Q1 2021 was Wells Fargo, an estimated $1.7M added.
  • The largest Pioneer Municipal High Income Advantage Fund seller in Q1 2021 was Rivernorth Capital Management, an estimated $5.88M sold.

Based on aggregated 13F filings for Q1 2021.