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MAV

Pioneer Municipal High Income Advantage Fund
MAV

Delisted

MAV was delisted on the 22nd of August, 2025.

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56 hedge funds and large institutions have $69.4M invested in Pioneer Municipal High Income Advantage Fund in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

108% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 12

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

14% more capital invested

Capital invested by funds: $60.9M → $69.4M (+$8.51M)

4% more funds holding

Funds holding: 54 → 56 (+2)

2.52% more ownership

Funds ownership: 25.04% → 27.56% (+2.5%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
56
Holders Change
+2
Holders Change %
+3.7%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
25
Reduced
12
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$1.43M
2
FAIM
Financial Advocates Investment Management
Washington
+$616K
3
PAS
Park Avenue Securities
New York
+$598K
4
RCM
Rivernorth Capital Management
Florida
+$540K
5
KIM
Karpus Investment Management
New York
+$476K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$995K
2
Osaic Holdings
Osaic Holdings
Arizona
-$323K
3
LCM
Landscape Capital Management
New Jersey
-$219K
4
Invesco
Invesco
Georgia
-$175K
5
Goldman Sachs
Goldman Sachs
New York
-$173K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$9.52M +$476K +45,973 +5%
1CP
2
1607 Capital Partners
Virginia
$7.21M +$58K +5,600 +0.8%
RCM
3
Robinson Capital Management
Michigan
$7.03M +$65K +6,275 +0.9%
MSL
4
Mackay Shields LLC
New York
$5.31M – – –
PPA
5
Parametric Portfolio Associates
Washington
$4.96M +$1.43M +138,121 +41%
GC
6
Guggenheim Capital
Illinois
$4.2M +$189K +18,288 +5%
TJHA
7
Thomas J. Herzfeld Advisors
Florida
$2.8M -$99.7K -9,624 -4%
CRC
8
Curi RMB Capital
Illinois
$2.54M +$195K +18,873 +8%
CCWA
9
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$1.8M +$1.78M +171,769 New
Morgan Stanley
10
Morgan Stanley
New York
$1.8M +$404K +39,006 +30%
Osaic Holdings
11
Osaic Holdings
Arizona
$1.74M -$323K -31,179 -16%
Wells Fargo
12
Wells Fargo
California
$1.61M -$995K -96,031 -39%
WAM
13
Wakefield Asset Management
Colorado
$1.59M -$161K -15,562 -9%
RJFSA
14
Raymond James Financial Services Advisors
Florida
$1.37M +$274K +26,473 +25%
VanEck Associates
15
VanEck Associates
New York
$1.25M +$71.7K +6,922 +6%
RJA
16
Raymond James & Associates
Florida
$1.23M +$350K +33,750 +40%
NCM
17
Narwhal Capital Management
Georgia
$1.17M +$1.78K +172 +0.2%
AA
18
AQR Arbitrage
Connecticut
$810K +$197K +19,062 +33%
CIA
19
Capital Investment Advisors
Georgia
$766K -$1.81K -175 -0.2%
AAM
20
Advisors Asset Management
Colorado
$757K +$168K +16,253 +29%
Invesco
21
Invesco
Georgia
$749K -$175K -16,860 -19%
MIG
22
Mariner Investment Group
New York
$736K – – –
Envestnet Asset Management
23
Envestnet Asset Management
Illinois
$709K +$193K +18,600 +38%
UBS Group
24
UBS Group
Switzerland
$677K +$12K +1,162 +2%
FAIM
25
Financial Advocates Investment Management
Washington
$625K +$616K +59,504 New
1
2 3

MAV Hedge Fund Activity: Q2 2020 in Review

56 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q2 2020, worth a combined $69.4M — up 14% from $60.9M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new MAV positions and 7 closed out — a net gain of 2 holders — while 25 added to existing stakes and 12 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $1.43M. The largest seller was Wells Fargo, cutting an estimated $995K.

  • 56 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q2 2020, up from 54 in Q1 2020.
  • Funds reported $69.4M of Pioneer Municipal High Income Advantage Fund stock for Q2 2020, up 14% quarter-over-quarter.
  • 9 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q2 2020 and 7 closed out, a net change of +2 holders.
  • The largest Pioneer Municipal High Income Advantage Fund buyer in Q2 2020 was Parametric Portfolio Associates, an estimated $1.43M added.
  • The largest Pioneer Municipal High Income Advantage Fund seller in Q2 2020 was Wells Fargo, an estimated $995K sold.

Based on aggregated 13F filings for Q2 2020.