Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
55 hedge funds and large institutions have $57.3M invested in Pioneer Municipal High Income Advantage Fund in 2019 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 10 reducing their positions, and 3 closing their positions.
233% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 3
130% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 10
27% more capital invested
Capital invested by funds: $45.3M → $57.3M (+$12.1M)
15% more funds holding
Funds holding: 48 → 55 (+7)
3.35% more ownership
Funds ownership: 18.85% → 22.2% (+3.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.25M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.09M |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$1.04M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$846K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$757K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$597K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$368K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$240K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$197K |
| 5 |
BFM
Boothbay Fund Management
New York
|
-$137K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| $4K | +$3.94K | +364 | New |
|
|
PAM
52
Panagora Asset Management
Boston,
Massachusetts
| $3K | -$4.66K | -431 | -58% |
|
|
NFG
53
Next Financial Group
Houston,
Texas
| $3K | +$2.97K | +275 | New |
|
|
BFM
54
Boothbay Fund Management
New York
| – | -$137K | -12,485 | Closed |
|
|
QCIG
55
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$88K | -8,018 | Closed |
|
|
GI
56
Gradient Investments
Arden Hills,
Minnesota
| – | -$4K | -363 | Closed |
|
57
Fidelity Investments
Boston,
Massachusetts
| – | +$86 | +8 | New |
|
MAV Hedge Fund Activity: Q4 2019 in Review
55 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q4 2019, worth a combined $57.3M — up 27% from $45.3M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MAV positions and 3 closed out — a net gain of 7 holders — while 23 added to existing stakes and 10 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.25M. The largest seller was Guggenheim Capital, cutting an estimated $597K.
- 55 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q4 2019, up from 48 in Q3 2019.
- Funds reported $57.3M of Pioneer Municipal High Income Advantage Fund stock for Q4 2019, up 27% quarter-over-quarter.
- 10 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q4 2019 and 3 closed out, a net change of +7 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q4 2019 was Rivernorth Capital Management, an estimated $2.25M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q4 2019 was Guggenheim Capital, an estimated $597K sold.
Based on aggregated 13F filings for Q4 2019.