Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
66 hedge funds and large institutions have $49.3M invested in Pioneer Municipal High Income Advantage Fund in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 5 closing their positions.
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
19% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 21
12% more funds holding
Funds holding: 59 → 66 (+7)
3% more capital invested
Capital invested by funds: $47.9M → $49.3M (+$1.41M)
0.38% more ownership
Funds ownership: 24.72% → 25.1% (+0.38%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$892K |
| 2 |
Morgan Stanley
New York
|
+$552K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$393K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$267K |
| 5 |
VanEck Associates
New York
|
+$235K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$1.25M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$386K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$183K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$135K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$129K |
MAV Hedge Fund Activity: Q1 2023 in Review
66 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q1 2023, worth a combined $49.3M — up 2.9% from $47.9M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new MAV positions and 5 closed out — a net gain of 8 holders — while 25 added to existing stakes and 21 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $892K. The largest seller was Mackay Shields LLC, cutting an estimated $1.25M.
- 66 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q1 2023, up from 59 in Q4 2022.
- Funds reported $49.3M of Pioneer Municipal High Income Advantage Fund stock for Q1 2023, up 2.9% quarter-over-quarter.
- 13 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q1 2023 and 5 closed out, a net change of +8 holders.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q1 2023 was Rivernorth Capital Management, an estimated $892K added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q1 2023 was Mackay Shields LLC, an estimated $1.25M sold.
Based on aggregated 13F filings for Q1 2023.