Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
48 hedge funds and large institutions have $65M invested in Pioneer Municipal High Income Advantage Fund in 2021 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 18 reducing their positions, and 8 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 18
2.65% less ownership
Funds ownership: 25.66% → 23.01% (-2.6%)
6% less funds holding
Funds holding: 51 → 48 (-3)
9% less capital invested
Capital invested by funds: $71.4M → $65M (-$6.44M)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.7M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$765K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$631K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$531K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$375K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.88M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$3.34M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$968K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$737K |
| 5 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
-$577K |
MAV Hedge Fund Activity: Q1 2021 in Review
48 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q1 2021, worth a combined $65M — down 9% from $71.4M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of MAV and 5 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 18 added.
The largest buyer was Wells Fargo, adding an estimated $1.7M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.88M.
- 48 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q1 2021, down from 51 in Q4 2020.
- Funds reported $65M of Pioneer Municipal High Income Advantage Fund stock for Q1 2021, down 9% quarter-over-quarter.
- 5 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q1 2021 and 8 closed out, a net change of -3 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q1 2021 was Wells Fargo, an estimated $1.7M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q1 2021 was Rivernorth Capital Management, an estimated $5.88M sold.
Based on aggregated 13F filings for Q1 2021.