Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
54 hedge funds and large institutions have $60.9M invested in Pioneer Municipal High Income Advantage Fund in 2020 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 6 closing their positions.
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
6% more capital invested
Capital invested by funds: $57.3M → $60.9M (+$3.56M)
2.84% more ownership
Funds ownership: 22.2% → 25.04% (+2.8%)
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
2% less funds holding
Funds holding: 55 → 54 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.6M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$7.35M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.08M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$2.02M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.24M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.24M |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$2.06M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.5M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.43M |
MAV Hedge Fund Activity: Q1 2020 in Review
54 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q1 2020, worth a combined $60.9M — up 6.2% from $57.3M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MAV positions and 6 closed out — a net gain of 2 holders — while 16 added to existing stakes and 17 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $8.6M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $6.24M sold.
- 54 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q1 2020, down from 55 in Q4 2019.
- Funds reported $60.9M of Pioneer Municipal High Income Advantage Fund stock for Q1 2020, up 6.2% quarter-over-quarter.
- 8 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q1 2020 and 6 closed out, a net change of +2 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $8.6M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q1 2020 was Rivernorth Capital Management, an estimated $6.24M sold.
Based on aggregated 13F filings for Q1 2020.