Pioneer Municipal High Income Advantage Fund
MAV
MAV was delisted on the 22nd of August, 2025.
66 hedge funds and large institutions have $57.3M invested in Pioneer Municipal High Income Advantage Fund in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 26 reducing their positions, and 7 closing their positions.
17% more capital invested
Capital invested by funds: $49.1M → $57.3M (+$8.24M)
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
5.23% more ownership
Funds ownership: 25.1% → 30.33% (+5.2%)
0% more funds holding
Funds holding: 66 → 66 (0)
4% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$4.71M |
| 2 |
SCM
Saba Capital Management
New York
|
+$3.51M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$727K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$450K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$344K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$896K |
| 2 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$253K |
| 3 |
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minneapolis,
Minnesota
|
-$222K |
| 4 |
Walleye Capital
New York
|
-$95.2K |
| 5 |
SIC
Samalin Investment Counsel
Chappaqua,
New York
|
-$93.4K |
MAV Hedge Fund Activity: Q2 2023 in Review
66 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Pioneer Municipal High Income Advantage Fund (MAV) for Q2 2023, worth a combined $57.3M — up 17% from $49.1M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MAV positions and 7 closed out — a net gain of 1 holder — while 25 added to existing stakes and 26 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $4.71M. The largest seller was Advisors Asset Management, cutting an estimated $896K.
- 66 institutional investors held Pioneer Municipal High Income Advantage Fund (MAV) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $57.3M of Pioneer Municipal High Income Advantage Fund stock for Q2 2023, up 17% quarter-over-quarter.
- 8 funds opened new Pioneer Municipal High Income Advantage Fund positions in Q2 2023 and 7 closed out, a net change of +1 holder.
- The largest Pioneer Municipal High Income Advantage Fund buyer in Q2 2023 was Robinson Capital Management, an estimated $4.71M added.
- The largest Pioneer Municipal High Income Advantage Fund seller in Q2 2023 was Advisors Asset Management, an estimated $896K sold.
Based on aggregated 13F filings for Q2 2023.