Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
47 hedge funds and large institutions have $35.7M invested in Pioneer Municipal High Income Advantage Fund in 2019 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 6 reducing their positions, and 7 closing their positions.
267% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 6
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
21% more capital invested
Capital invested by funds: $29.6M → $35.7M (+$6.09M)
4% more funds holding
Funds holding: 45 → 47 (+2)
1.74% more ownership
Funds ownership: 12.17% → 13.9% (+1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.92M |
| 2 |
WAM
Wakefield Asset Management
Englewood,
Colorado
|
+$1.51M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$744K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$551K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$442K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$521K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$413K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$347K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$196K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FI
51
FormulaFolio Investments
Grand Rapids,
Michigan
| – | -$112K | -10,487 | Closed |
|
|
CA
52
Claro Advisors
Boston,
Massachusetts
| – | -$19K | -1,800 | Closed |
|
53
Fidelity Investments
Boston,
Massachusetts
| – | +$11 | +1 | New |
|
54
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$149 | +14 | New |
|
MAV Hedge Fund Activity: Q1 2019 in Review
47 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q1 2019, worth a combined $35.7M — up 21% from $29.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MAV positions and 7 closed out — a net gain of 3 holders — while 22 added to existing stakes and 6 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $3.92M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $3.1M sold.
- 47 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q1 2019, up from 45 in Q4 2018.
- Funds reported $35.7M of Pioneer Municipal High Income Advantage Fund stock for Q1 2019, up 21% quarter-over-quarter.
- 10 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q1 2019 and 7 closed out, a net change of +3 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q1 2019 was Robinson Capital Management, an estimated $3.92M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q1 2019 was Rivernorth Capital Management, an estimated $3.1M sold.
Based on aggregated 13F filings for Q1 2019.