Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
48 hedge funds and large institutions have $45.3M invested in Pioneer Municipal High Income Advantage Fund in 2019 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 7 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 11
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
18% more capital invested
Capital invested by funds: $38.5M → $45.3M (+$6.79M)
4% more funds holding
Funds holding: 46 → 48 (+2)
3.64% more ownership
Funds ownership: 15.21% → 18.85% (+3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$5.51M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.03M |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$433K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$339K |
| 5 |
PAS
Park Avenue Securities
New York
|
+$324K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$803K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$709K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$259K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$258K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$191K |
MAV Hedge Fund Activity: Q3 2019 in Review
48 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q3 2019, worth a combined $45.3M — up 18% from $38.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new MAV positions and 7 closed out — a net gain of 2 holders — while 18 added to existing stakes and 11 trimmed.
The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $5.51M. The largest seller was Raymond James & Associates, cutting an estimated $803K.
- 48 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q3 2019, up from 46 in Q2 2019.
- Funds reported $45.3M of Pioneer Municipal High Income Advantage Fund stock for Q3 2019, up 18% quarter-over-quarter.
- 9 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q3 2019 and 7 closed out, a net change of +2 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q3 2019 was Mackay Shields LLC, an estimated $5.51M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q3 2019 was Raymond James & Associates, an estimated $803K sold.
Based on aggregated 13F filings for Q3 2019.