Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
45 hedge funds and large institutions have $29.6M invested in Pioneer Municipal High Income Advantage Fund in 2018 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 9 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
78% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 9
20% more capital invested
Capital invested by funds: $24.7M → $29.6M (+$4.96M)
10% more funds holding
Funds holding: 41 → 45 (+4)
2.66% more ownership
Funds ownership: 9.51% → 12.17% (+2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.19M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.72M |
| 3 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
+$1.54M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$967K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$569K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.25M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$580K |
| 3 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$525K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$497K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$283K |
MAV Hedge Fund Activity: Q4 2018 in Review
45 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q4 2018, worth a combined $29.6M — up 20% from $24.7M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new MAV positions and 5 closed out — a net gain of 6 holders — while 16 added to existing stakes and 9 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.19M. The largest seller was Bessemer Group, exiting entirely with an estimated $2.25M sold.
- 45 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q4 2018, up from 41 in Q3 2018.
- Funds reported $29.6M of Pioneer Municipal High Income Advantage Fund stock for Q4 2018, up 20% quarter-over-quarter.
- 11 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q4 2018 and 5 closed out, a net change of +6 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $3.19M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q4 2018 was Bessemer Group, an estimated $2.25M sold.
Based on aggregated 13F filings for Q4 2018.