Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
56 hedge funds and large institutions have $55M invested in Pioneer Municipal High Income Advantage Fund in 2021 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
40% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 15
8% more funds holding
Funds holding: 52 → 56 (+4)
0.68% more ownership
Funds ownership: 19.15% → 19.83% (+0.68%)
3% less capital invested
Capital invested by funds: $56.5M → $55M (-$1.47M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.49M |
| 2 |
XF
XML Financial
Bethesda,
Maryland
|
+$2.16M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.51M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$814K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$708K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$2.43M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.28M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.15M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.08M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$637K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $48K | – | – | – |
|
|
WT
52
Washington Trust
Westerly,
Rhode Island
| $17K | – | – | – |
|
|
SWM
53
Spire Wealth Management
Mclean,
Virginia
| $14K | – | – | – |
|
54
Koshinski Asset Management
Decatur,
Illinois
| $3.55K | +$3.74K | +306 | New |
|
|
HI
55
Harbour Investments
Madison,
Wisconsin
| $3K | – | – | – |
|
|
NFG
56
Next Financial Group
Houston,
Texas
| $3K | – | – | – |
|
|
AA
57
AlphaCentric Advisors
San Juan,
Puerto Rico
| – | -$167K | -13,500 | Closed |
|
|
HKAM
58
Horizon Kinetics Asset Management
New York
| – | -$161K | -13,060 | Closed |
|
|
VF
59
Virtu Financial
New York
| – | -$146K | -11,864 | Closed |
|
|
NFSG
60
Newbridge Financial Services Group
Boca Raton,
Florida
| – | -$9K | -749 | Closed |
|
61
Citigroup
New York
| – | -$8K | -651 | Closed |
|
|
AWA
62
Arkadios Wealth Advisors
Atlanta,
Georgia
| – | -$3K | -271 | Closed |
|
MAV Hedge Fund Activity: Q3 2021 in Review
56 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q3 2021, worth a combined $55M — down 2.6% from $56.5M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new MAV positions and 7 closed out — a net gain of 5 holders — while 21 added to existing stakes and 15 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $2.49M. The largest seller was Mackay Shields LLC, cutting an estimated $2.43M.
- 56 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q3 2021, up from 52 in Q2 2021.
- Funds reported $55M of Pioneer Municipal High Income Advantage Fund stock for Q3 2021, down 2.6% quarter-over-quarter.
- 12 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q3 2021 and 7 closed out, a net change of +5 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q3 2021 was Robinson Capital Management, an estimated $2.49M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q3 2021 was Mackay Shields LLC, an estimated $2.43M sold.
Based on aggregated 13F filings for Q3 2021.