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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
$8.57
Delayed price
Profit since last BUY-1.38%
upturn advisory
WEAK BUY
BUY since 8 days
  • 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
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

02/18/2025: MAV (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

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

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -1.11%
Avg. Invested days 35
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
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 02/18/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 201.36M USD
Price to earnings Ratio 5.01
1Y Target Price -
Price to earnings Ratio 5.01
1Y Target Price -
Volume (30-day avg) 52112
Beta 0.69
52 Weeks Range 7.47 - 8.89
Updated Date 04/2/2025
52 Weeks Range 7.47 - 8.89
Updated Date 04/2/2025
Dividends yield (FY) 4.63%
Basic EPS (TTM) 1.68

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 225.67%
Operating Margin (TTM) 82.78%

Management Effectiveness

Return on Assets (TTM) 3.1%
Return on Equity (TTM) 13.1%

Valuation

Trailing PE 5.01
Forward PE -
Enterprise Value 250394160
Price to Sales(TTM) 11.37
Enterprise Value 250394160
Price to Sales(TTM) 11.37
Enterprise Value to Revenue 4.9
Enterprise Value to EBITDA -
Shares Outstanding 23914400
Shares Floating -
Shares Outstanding 23914400
Shares Floating -
Percent Insiders -
Percent Institutions 57.07

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 fund established to provide high current income exempt from federal income tax, where possible, while preserving capital. It invests primarily in municipal bonds.

business area logo Core Business Areas

  • Municipal Bond Investments: The Trust invests in a portfolio of municipal bonds, seeking to provide federally tax-exempt income. They focus on both investment grade and below-investment grade bonds.

leadership logo Leadership and Structure

The fund is managed by Amundi Asset Management US, Inc. The structure is that of a closed-end investment trust, with a board of trustees overseeing the management company's operations.

Top Products and Market Share

overview logo Key Offerings

  • Tax-Exempt Income Generation: MAV provides investors with a stream of income exempt from federal income taxes by investing in municipal bonds. Competitors include other closed-end municipal bond funds such as Nuveen, BlackRock, and Eaton Vance.

Market Dynamics

industry overview logo Industry Overview

The municipal bond market is influenced by interest rates, credit ratings, and tax policy changes. Demand is driven by investors seeking tax-advantaged income.

Positioning

MAV seeks to provide high income, accepting higher risk. Thus, it aims for a market segment desiring high yield within the municipal bond space.

Total Addressable Market (TAM)

The total municipal bond market is valued in the trillions of dollars. MAV, being a relatively small closed-end fund, addresses a niche within this TAM focused on high-yield opportunities.

Upturn SWOT Analysis

Strengths

  • Experienced Management Team
  • High Current Income Potential
  • Tax-Exempt Income

Weaknesses

  • Exposure to Credit Risk
  • Interest Rate Sensitivity
  • Discount to Net Asset Value (NAV)

Opportunities

  • Rising Interest Rate Environment (potentially beneficial for new investments)
  • Increased Demand for Tax-Advantaged Investments
  • Active Management to Enhance Returns

Threats

  • Economic Downturn Impacting Municipal Bond Issuers
  • Changes in Tax Laws Reducing Tax Benefits
  • Increased Competition from Other Fixed Income Products

Competitors and Market Share

competitor logo Key Competitors

  • Nuveen Municipal High Income Opportunity Fund (NMI)
  • BlackRock MuniYield Investment Quality Fund (MFT)
  • Eaton Vance Municipal Income Trust (EVN)

Competitive Landscape

MAV competes with other closed-end municipal bond funds. Its success depends on its ability to deliver competitive yields and manage risk effectively.

Major Acquisitions

Growth Trajectory and Initiatives

Historical Growth: Growth is limited by the fund's closed-end structure. AUM may fluctuate due to market conditions.

Future Projections: Future growth depends on the management's ability to generate income and NAV appreciation in a challenging market environment.

Recent Initiatives: Active management of the portfolio to optimize income and manage credit risk.

Summary

Pioneer Municipal High Income Advantage Trust offers tax-exempt income to investors. Its strength lies in its experienced management and high yield potential. However, it faces risks from interest rate fluctuations and credit quality. Investors need to consider these risks when evaluating MAV as part of their fixed-income portfolio.

Similar Companies

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Eaton Vance Municipal Income Closed Fund

$10.36
Small-Cap Stock
0%
PASS

EVNratingrating

Eaton Vance Municipal Income Closed Fund

$10.36
Small-Cap Stock
0%
PASS

Sources and Disclaimers

Data Sources:

  • Amundi Asset Management US, Inc.
  • SEC Filings
  • Morningstar
  • Yahoo Finance

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and risk tolerance.

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.

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