Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
59 hedge funds and large institutions have $47.9M invested in Pioneer Municipal High Income Advantage Fund in 2022 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 24 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
4% more funds holding
Funds holding: 57 → 59 (+2)
3.22% less ownership
Funds ownership: 27.94% → 24.72% (-3.2%)
5% less capital invested
Capital invested by funds: $50.5M → $47.9M (-$2.56M)
17% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 24
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.74M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.21M |
| 3 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$845K |
| 4 |
Morgan Stanley
New York
|
+$644K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$456K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.21M |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$1.79M |
| 3 |
WAM
Wakefield Asset Management
Englewood,
Colorado
|
-$1.32M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.29M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$951K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SC
51
SouthState Corp
Winter Haven,
Florida
| $56.3K | – | – | – |
|
|
WAM
52
Wolverine Asset Management
Chicago,
Illinois
| $45.8K | -$6.29K | -801 | -12% |
|
|
CA
53
CoreCap Advisors
Southfield,
Michigan
| $22.9K | +$22.2K | +2,830 | New |
|
|
UB
54
UMB Bank
Kansas City,
Missouri
| $17K | +$5.73K | +730 | +55% |
|
|
WTA
55
Washington Trust Advisors
Wellesley,
Massachusetts
| $12.2K | – | – | – |
|
|
AF
56
Advisornet Financial
Minnetonka,
Minnesota
| $9.31K | +$9.02K | +1,150 | New |
|
|
IA
57
IFP Advisors
Tampa,
Florida
| $7K | -$56.8K | -7,242 | -93% |
|
58
Fidelity Investments
Boston,
Massachusetts
| $8 | +$8 | +1 | New |
|
|
RCM
59
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$3.21M | -423,877 | Closed |
|
|
WAM
60
Wakefield Asset Management
Englewood,
Colorado
| – | -$1.32M | -175,468 | Closed |
|
|
ACA
61
Ackerman Capital Advisors
Dallas,
Texas
| – | -$751K | -99,405 | Closed |
|
|
RIG
62
Ramiah Investment Group
Brookfield,
Wisconsin
| – | -$156K | -20,651 | Closed |
|
63
Bessemer Group
Woodbridge,
New Jersey
| – | -$4K | -552 | Closed |
|
MAV Hedge Fund Activity: Q4 2022 in Review
59 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q4 2022, worth a combined $47.9M — down 5.1% from $50.5M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MAV positions and 5 closed out — a net gain of 3 holders — while 20 added to existing stakes and 24 trimmed.
The largest buyer was Logan Stone Capital, adding an estimated $1.74M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $3.21M sold.
- 59 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q4 2022, up from 57 in Q3 2022.
- Funds reported $47.9M of Pioneer Municipal High Income Advantage Fund stock for Q4 2022, down 5.1% quarter-over-quarter.
- 8 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q4 2022 and 5 closed out, a net change of +3 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q4 2022 was Logan Stone Capital, an estimated $1.74M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q4 2022 was Robinson Capital Management, an estimated $3.21M sold.
Based on aggregated 13F filings for Q4 2022.