Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
64 hedge funds and large institutions have $59.7M invested in Pioneer Municipal High Income Advantage Fund in 2021 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 27 increasing their positions, 19 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
42% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 19
14% more funds holding
Funds holding: 56 → 64 (+8)
9% more capital invested
Capital invested by funds: $55M → $59.7M (+$4.71M)
1.82% more ownership
Funds ownership: 19.83% → 21.65% (+1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.5M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.03M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$518K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$252K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$205K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$1.43M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$676K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$555K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$516K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$401K |
MAV Hedge Fund Activity: Q4 2021 in Review
64 of the 6,499 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q4 2021, worth a combined $59.7M — up 8.6% from $55M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new MAV positions and 3 closed out — a net gain of 8 holders — while 27 added to existing stakes and 19 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $6.5M. The largest seller was Citadel Advisors, exiting entirely with an estimated $1.43M sold.
- 64 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q4 2021, up from 56 in Q3 2021.
- Funds reported $59.7M of Pioneer Municipal High Income Advantage Fund stock for Q4 2021, up 8.6% quarter-over-quarter.
- 11 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q4 2021 and 3 closed out, a net change of +8 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q4 2021 was Rivernorth Capital Management, an estimated $6.5M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q4 2021 was Citadel Advisors, an estimated $1.43M sold.
Based on aggregated 13F filings for Q4 2021.