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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
Osaic Holdings
51
Osaic Holdings
Arizona
$194K +$56.4K +5,841 +41%
PM
52
Penbrook Management
New York
$193K – – –
WAP
53
Wealthcare Advisory Partners
Pennsylvania
$186K +$1.19K +123 +0.6%
VPW
54
Vericrest Private Wealth
Pennsylvania
$169K +$169K +17,543 New
HNB
55
Huntington National Bank
Ohio
$168K – – –
Goldman Sachs
56
Goldman Sachs
New York
$162K – – –
TCM
57
Tradewinds Capital Management
Washington
$154K – – –
IFWM
58
Institute for Wealth Management
Colorado
$149K – – –
OCM
59
Orleans Capital Management
Louisiana
$141K – – –
Lido Advisors
60
Lido Advisors
California
$141K – – –
SFS
61
Sowell Financial Services
Arkansas
$135K – – –
CAM
62
Cresset Asset Management
Illinois
$130K – – –
CL
63
Choreo LLC
Illinois
$124K +$123K +12,743 New
SA
64
Sanctuary Advisors
Indiana
$116K – – –
HighTower Advisors
65
HighTower Advisors
Illinois
$113K +$869 +90 +0.8%
KAS
66
Kestra Advisory Services
Texas
$111K +$1.51K +156 +1%
WANY
67
Wealthspire Advisors (New York)
New York
$111K – – –
AC
68
AlphaCore Capital
California
$108K +$2.08K +215 +2%
First Trust Advisors
69
First Trust Advisors
Illinois
$107K +$8.46K +876 +9%
PIA
70
Perennial Investment Advisors
California
$107K +$579 +60 +0.5%
Financial Engines Advisors
71
Financial Engines Advisors
California
$106K +$183 +19 +0.2%
MCM
72
MAI Capital Management
Ohio
$49.3K – – –
GRP
73
Global Retirement Partners
California
$41.3K +$41.3K +4,276 New
TCOT
74
Trust Company of Toledo
Ohio
$39.7K – – –
CB
75
Community Bank
New York
$38.6K – – –
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.