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Invesco Municipal Trust
VKQ

94 hedge funds and large institutions have $160M invested in Invesco Municipal Trust in 2025 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 36 increasing their positions, 19 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

89% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 19

3% more capital invested

Capital invested by funds: $155M → $160M (+$4.64M)

0.7% less ownership

Funds ownership: 30.56% → 29.87% (-0.7%)

4% less funds holding

Funds holding: 98 → 94 (-4)

29% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 14

Holders
94
Holders Change
-4
Holders Change %
-4.08%
% of All Funds
1.23%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
10
Increased
36
Reduced
19
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$7.97M
2
LPL Financial
LPL Financial
California
+$5.8M
3
Morgan Stanley
Morgan Stanley
New York
+$2.14M
4
Wells Fargo
Wells Fargo
California
+$1.72M
5
SPIA
Steward Partners Investment Advisory
New York
+$874K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$15.6M
2
RCM
Robinson Capital Management
Michigan
-$4.73M
3
SIA
Sit Investment Associates
Minnesota
-$1M
4
UBS Group
UBS Group
Switzerland
-$957K
5
Pathstone Holdings
Pathstone Holdings
New Jersey
-$937K
Name Holding Trade Value Shares
Change 		Change in
Stake
HWAM
51
Hennion & Walsh Asset Management
New Jersey
$284K -$260K -28,162 -49%
PFS
52
Prospera Financial Services
Texas
$251K – – –
Cohen & Steers
53
Cohen & Steers
New York
$241K – – –
CFGSD
54
Compass Financial Group (South Dakota)
South Dakota
$235K – – –
PM
55
Penbrook Management
New York
$193K -$185K -20,000 -50%
P
56
&Partners
Tennessee
$188K +$180K +19,495 New
WAP
57
Wealthcare Advisory Partners
Pennsylvania
$185K +$1.16K +125 +0.7%
HNB
58
Huntington National Bank
Ohio
$168K – – –
Goldman Sachs
59
Goldman Sachs
New York
$162K – – –
TCM
60
Tradewinds Capital Management
Washington
$154K – – –
IFWM
61
Institute for Wealth Management
Colorado
$149K – – –
OCM
62
Orleans Capital Management
Louisiana
$141K -$29.6K -3,200 -18%
Lido Advisors
63
Lido Advisors
California
$141K +$135K +14,575 New
PCM
64
Permanent Capital Management
Illinois
$138K +$133K +14,352 New
STA
65
Summit Trail Advisors
New York
$136K +$3.02K +327 +2%
SFS
66
Sowell Financial Services
Arkansas
$135K – – –
Osaic Holdings
67
Osaic Holdings
Arizona
$133K +$545 +59 +0.4%
CAM
68
Cresset Asset Management
Illinois
$130K – – –
Cerity Partners
69
Cerity Partners
New York
$126K – – –
SA
70
Sanctuary Advisors
Indiana
$116K – – –
HighTower Advisors
71
HighTower Advisors
Illinois
$112K +$231 +25 +0.2%
WANY
72
Wealthspire Advisors (New York)
New York
$111K – – –
NCM
73
NCM Capital Management
New Jersey
$111K – – –
KAS
74
Kestra Advisory Services
Texas
$110K +$1.48K +160 +1%
MNBTD
75
Moody National Bank Trust Division
Texas
$109K – – –
1 2
3
4 5

VKQ Hedge Fund Activity: Q3 2025 in Review

94 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q3 2025, worth a combined $160M — up 3% from $155M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of VKQ and 10 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 36 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $7.97M. The largest seller was Karpus Investment Management, cutting an estimated $15.6M.

  • 94 institutional investors held Invesco Municipal Trust (VKQ) as of Q3 2025, down from 98 in Q2 2025.
  • Funds reported $160M of Invesco Municipal Trust stock for Q3 2025, up 3% quarter-over-quarter.
  • 10 funds opened new Invesco Municipal Trust positions in Q3 2025 and 14 closed out, a net change of -4 holders.
  • The largest Invesco Municipal Trust buyer in Q3 2025 was Rivernorth Capital Management, an estimated $7.97M added.
  • The largest Invesco Municipal Trust seller in Q3 2025 was Karpus Investment Management, an estimated $15.6M sold.

Based on aggregated 13F filings for Q3 2025.