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Invesco Municipal Trust
VKQ

89 hedge funds and large institutions have $167M invested in Invesco Municipal Trust in 2025 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 38 increasing their positions, 16 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

138% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 16

1.44% more ownership

Funds ownership: 29.87% → 31.31% (+1.4%)

5% more capital invested

Capital invested by funds: $160M → $167M (+$7.71M)

5% less funds holding

Funds holding: 94 → 89 (-5)

29% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 14

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
89
Holders Change
-5
Holders Change %
-5.32%
% of All Funds
1.08%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
10
Increased
38
Reduced
16
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$13.4M
2
Morgan Stanley
Morgan Stanley
New York
+$3.42M
3
NA
NewEdge Advisors
Louisiana
+$1.34M
4
LPL Financial
LPL Financial
California
+$1.26M
5
Raymond James Financial
Raymond James Financial
Florida
+$835K

Top Sellers

1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$5.06M
2
KIM
Karpus Investment Management
New York
-$4.77M
3
AAM
Advisors Asset Management
Colorado
-$957K
4
DWM
Dakota Wealth Management
Florida
-$894K
5
AIA
Absolute Investment Advisers
Florida
-$614K
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
26
Whipplewood Advisors
Colorado
$867K -$4.51K -467 -0.5%
Bank of New York Mellon
27
Bank of New York Mellon
New York
$790K +$30.2K +3,132 +4%
CAM
28
Concorde Asset Management
Michigan
$789K +$61.7K +6,393 +8%
WAAG
29
Wealth Alliance Advisory Group
Kansas
$784K +$62.6K +6,485 +9%
Cetera Investment Advisers
30
Cetera Investment Advisers
Illinois
$770K -$87 -9 -0%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$752K +$97.6K +10,103 +15%
SFG
32
Seamount Financial Group
Colorado
$749K -$60.2K -6,231 -7%
SG
33
StoneX Group
New York
$701K +$19 +2 +0%
TWP
34
Tyche Wealth Partners
Texas
$670K +$174 +18 +0%
Ameriprise
35
Ameriprise
Minnesota
$577K -$31K -3,205 -5%
OC
36
Oppenheimer & Co
New York
$478K +$21.2K +2,200 +5%
Jane Street
37
Jane Street
New York
$430K +$431K +44,604 New
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$413K -$52.8K -5,465 -11%
MPCA
39
Madison Park Capital Advisors
Washington
$411K +$483 +50 +0.1%
Rockefeller Capital Management
40
Rockefeller Capital Management
New York
$396K -$96.7K -10,016 -20%
CIA
41
Concurrent Investment Advisors
Florida
$388K -$17.7K -1,828 -4%
P
42
&Partners
Tennessee
$325K +$137K +14,153 +73%
MWM
43
Melfa Wealth Management
Massachusetts
$324K +$19.6K +2,027 +6%
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$320K +$32.3K +3,349 +11%
N
45
Nuveen
North Carolina
$315K – – –
SWP
46
Stratos Wealth Partners
Ohio
$274K +$274K +28,386 New
PI
47
PFG Investments
New York
$265K +$266K +27,500 New
PFS
48
Prospera Financial Services
Texas
$251K – – –
Cohen & Steers
49
Cohen & Steers
New York
$241K – – –
CFGSD
50
Compass Financial Group (South Dakota)
South Dakota
$235K – – –
1
2
3 4 5

VKQ Hedge Fund Activity: Q4 2025 in Review

89 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q4 2025, worth a combined $167M — up 4.8% from $160M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of VKQ and 10 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 38 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $13.4M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $5.06M sold.

  • 89 institutional investors held Invesco Municipal Trust (VKQ) as of Q4 2025, down from 94 in Q3 2025.
  • Funds reported $167M of Invesco Municipal Trust stock for Q4 2025, up 4.8% quarter-over-quarter.
  • 10 funds opened new Invesco Municipal Trust positions in Q4 2025 and 14 closed out, a net change of -4 holders.
  • The largest Invesco Municipal Trust buyer in Q4 2025 was Rivernorth Capital Management, an estimated $13.4M added.
  • The largest Invesco Municipal Trust seller in Q4 2025 was Fiera Capital (Canada), an estimated $5.06M sold.

Based on aggregated 13F filings for Q4 2025.