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MAV logo MAV
Upturn stock ratingUpturn stock rating
MAV logo

Pioneer Municipal High Income Advantage Trust (MAV)

Upturn stock ratingUpturn stock rating
$8.3
Last Close (24-hour delay)
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PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
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Upturn Advisory Summary

06/30/2025: MAV (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $

1 Year Target Price $

Analysts Price Target For last 52 week
$Target price
Low$
Current$8.3
high$

Analysis of Past Performance

Type Stock
Historic Profit 0%
Avg. Invested days 0
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 198.49M USD
Price to earnings Ratio 103.75
1Y Target Price -
Price to earnings Ratio 103.75
1Y Target Price -
Volume (30-day avg) -
Beta 0.76
52 Weeks Range 7.62 - 9.10
Updated Date 06/29/2025
52 Weeks Range 7.62 - 9.10
Updated Date 06/29/2025
Dividends yield (FY) 4.70%
Basic EPS (TTM) 0.08

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 12.41%
Operating Margin (TTM) 85.5%

Management Effectiveness

Return on Assets (TTM) 2.79%
Return on Equity (TTM) 0.66%

Valuation

Trailing PE 103.75
Forward PE -
Enterprise Value 246651440
Price to Sales(TTM) 14.02
Enterprise Value 246651440
Price to Sales(TTM) 14.02
Enterprise Value to Revenue 83.3
Enterprise Value to EBITDA -
Shares Outstanding 23914400
Shares Floating -
Shares Outstanding 23914400
Shares Floating -
Percent Insiders -
Percent Institutions 58.64

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Pioneer Municipal High Income Advantage Trust

stock logo

Company Overview

overview logo History and Background

Pioneer Municipal High Income Advantage Trust (MAV) is a closed-end management investment company. It was formed to seek high current income exempt from federal income tax, consistent with preservation of capital.

business area logo Core Business Areas

  • Municipal Bond Investment: MAV invests primarily in a portfolio of tax-exempt municipal bonds. These bonds are issued by state and local governments and their agencies to finance public projects.

leadership logo Leadership and Structure

The fund is managed by Amundi Asset Management US, Inc. Information on individual executives is generally available on Amundi's website or in SEC filings for the fund.

Top Products and Market Share

overview logo Key Offerings

  • Tax-Exempt Municipal Bond Portfolio: MAV offers investors access to a diversified portfolio of high-yield municipal bonds that provide income exempt from federal income tax. Market share data is not directly applicable to closed-end funds in the same way as for operating companies. Competitors include other closed-end municipal bond funds and municipal bond ETFs, such as Nuveen Quality Municipal Income Fund (NAD) and BlackRock MuniYield Quality Fund (MQY).

Market Dynamics

industry overview logo Industry Overview

The municipal bond market is influenced by factors such as interest rates, credit quality of issuers, and overall economic conditions. Demand for tax-exempt income drives investment in this sector.

Positioning

MAV is positioned as a provider of high-yield tax-exempt income within the municipal bond market. Its competitive advantage lies in its active management and ability to select bonds with attractive risk-adjusted returns.

Total Addressable Market (TAM)

The TAM for municipal bonds is in the trillions of dollars. MAV's AUM is relatively small compared to the overall market, indicating significant room for growth if demand for its specific strategy increases.

Upturn SWOT Analysis

Strengths

  • Experienced management team
  • High current income generation
  • Tax-exempt income stream
  • Diversified portfolio

Weaknesses

  • Sensitivity to interest rate changes
  • Credit risk of municipal bond issuers
  • Discount to net asset value (NAV)
  • Management fees

Opportunities

  • Increasing demand for tax-exempt income
  • Rising interest rate environment (potentially)
  • Expansion of investment mandate
  • Improved investor sentiment towards municipal bonds

Threats

  • Rising interest rates (negative impact on bond prices)
  • Credit downgrades of municipal bond issuers
  • Changes in tax laws
  • Increased competition from other municipal bond funds

Competitors and Market Share

competitor logo Key Competitors

  • NAD
  • MQY
  • VMO
  • HYD

Competitive Landscape

MAV competes with other closed-end municipal bond funds and ETFs for investor capital. Its performance relative to peers and its expense ratio are key competitive factors. Actual marketshare figures are negligible and relative to size of overall market, they are for demonstrative purposes.

Growth Trajectory and Initiatives

Historical Growth: Historical growth is primarily driven by the performance of the underlying bond portfolio and investor demand. See the company's financial resources for specifics.

Future Projections: Future growth will depend on factors such as interest rates, credit spreads, and investor sentiment toward municipal bonds. Analyst estimates are typically available from financial data providers.

Recent Initiatives: Recent initiatives could include adjustments to the portfolio allocation or changes in investment strategy. See the company's financial resources for specifics.

Summary

Pioneer Municipal High Income Advantage Trust aims to provide high current income through municipal bond investments. Its strength lies in its tax-exempt distributions, but rising interest rates and credit risks can pose challenges. Investor sentiment towards municipal bonds and effective portfolio management are crucial for its success. Further opportunities will emerge in expanding markets.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings
  • Fund Factsheets
  • Financial News Providers
  • Amundi Asset Management US, Inc. website

Disclaimers:

The information provided is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investors should consult with a financial advisor before making any investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Pioneer Municipal High Income Advantage Trust

Exchange NYSE
Headquaters Boston, MA, United States
IPO Launch date 2003-10-16
CEO -
Sector Financial Services
Industry Asset Management
Full time employees -
Website
Full time employees -
Website

Pioneer Municipal High Income Advantage Fund, Inc. is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index. It was formerly known as Pioneer Municipal Advantage Trust. Pioneer Municipal High Income Advantage Fund, Inc. was formed on August 6, 2003 and is domiciled in the United States.