Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
51 hedge funds and large institutions have $71.4M invested in Pioneer Municipal High Income Advantage Fund in 2020 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 10 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
0% less capital invested
Capital invested by funds: $71.5M → $71.4M (-$21K)
1.72% less ownership
Funds ownership: 27.38% → 25.66% (-1.7%)
9% less funds holding
Funds holding: 56 → 51 (-5)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.74M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$898K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$592K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$423K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$293K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10.7M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$654K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$619K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$505K |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$445K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AA
51
AQR Arbitrage
Greenwich,
Connecticut
| – | -$408K | -37,330 | Closed |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$377K | -34,483 | Closed |
|
|
ACA
53
Ackerman Capital Advisors
Dallas,
Texas
| – | -$288K | -26,413 | Closed |
|
|
MIG
54
Mariner Investment Group
Harrison,
New York
| – | -$273K | -25,000 | Closed |
|
|
DWM
55
Dakota Wealth Management
Palm Beach Gardens,
Florida
| – | -$187K | -17,057 | Closed |
|
|
ASN
56
Advisory Services Network
Atlanta,
Georgia
| – | -$148K | -13,510 | Closed |
|
|
BB
57
Busey Bank
Urbana,
Illinois
| – | -$124K | -11,380 | Closed |
|
|
FHA
58
Flagship Harbor Advisors
Boston,
Massachusetts
| – | -$31K | -2,894 | Closed |
|
|
WLPWM
59
Walled Lake Planning & Wealth Management
Winnetka,
Illinois
| – | -$68 | -6 | -46% |
|
60
Fidelity Investments
Boston,
Massachusetts
| – | +$11 | +1 | New |
|
MAV Hedge Fund Activity: Q4 2020 in Review
51 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q4 2020, worth a combined $71.4M — down 0.03% from $71.5M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MAV and 5 opened new positions — a net loss of 5 holders — while 17 trimmed existing stakes and 20 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $8.74M. The largest seller was Karpus Investment Management, cutting an estimated $10.7M.
- 51 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q4 2020, down from 56 in Q3 2020.
- Funds reported $71.4M of Pioneer Municipal High Income Advantage Fund stock for Q4 2020, down 0.03% quarter-over-quarter.
- 5 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q4 2020 and 10 closed out, a net change of -5 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q4 2020 was Rivernorth Capital Management, an estimated $8.74M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q4 2020 was Karpus Investment Management, an estimated $10.7M sold.
Based on aggregated 13F filings for Q4 2020.