Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
48 hedge funds and large institutions have $49.3M invested in Pioneer Municipal High Income Advantage Fund in 2019 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 7 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
28% more capital invested
Capital invested by funds: $38.5M → $49.3M (+$10.8M)
7% more funds holding
Funds holding: 45 → 48 (+3)
3.87% more ownership
Funds ownership: 14.98% → 18.85% (+3.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$5.51M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.03M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$339K |
| 4 |
PAS
Park Avenue Securities
New York
|
+$324K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$280K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$803K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$709K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$259K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$258K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$191K |
MAV Hedge Fund Activity: Q3 2019 in Review
48 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q3 2019, worth a combined $49.3M — up 28% from $38.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MAV positions and 7 closed out — a net gain of 3 holders — while 17 added to existing stakes and 11 trimmed.
The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $5.51M. The largest seller was Raymond James & Associates, cutting an estimated $803K.
- 48 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q3 2019, up from 45 in Q2 2019.
- Funds reported $49.3M of Pioneer Municipal High Income Advantage Fund stock for Q3 2019, up 28% quarter-over-quarter.
- 10 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q3 2019 and 7 closed out, a net change of +3 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q3 2019 was Mackay Shields LLC, an estimated $5.51M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q3 2019 was Raymond James & Associates, an estimated $803K sold.
Based on aggregated 13F filings for Q3 2019.