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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
PTC
76
Private Trust Company
Ohio
$24.5K – – –
CP
77
Camelot Portfolios
Ohio
$21.3K +$21.4K +2,212 New
PWPS
78
Pinnacle Wealth Planning Services
Ohio
$18K +$18.1K +1,869 New
PWMG
79
Prestige Wealth Management Group
New Jersey
$17.8K – – –
POIA
80
Pin Oak Investment Advisors
Texas
$12K – – –
RFS
81
Richardson Financial Services
Massachusetts
$11.5K – – –
HWP
82
Highline Wealth Partners
California
$9.65K – – –
AF
83
Allworth Financial
California
$8.2K +$8.21K +850 New
SWM
84
Spire Wealth Management
Virginia
$7.72K – – –
CA
85
CoreCap Advisors
Michigan
$5.72K +$5.73K +593 New
WA
86
WPG Advisers
Maryland
$5.02K +$2.43K +252 +94%
IA
87
IFP Advisors
Florida
$4.58K -$3.14K -325 -41%
NSIM
88
North Star Investment Management
Illinois
$3.35K +$68 +7 +2%
Comerica Bank
89
Comerica Bank
Texas
$691 +$328 +34 +89%
AssetMark Inc
90
AssetMark Inc
California
$6 – – –
Fiera Capital (Canada)
91
Fiera Capital (Canada)
Quebec, Canada
– -$5.06M -524,209 Closed
KIM
92
Karpus Investment Management
New York
– -$4.77M -494,668 Closed
DWM
93
Dakota Wealth Management
Florida
– -$894K -92,637 Closed
AIA
94
Absolute Investment Advisers
Florida
– -$614K -63,600 Closed
Bank of Montreal
95
Bank of Montreal
Ontario, Canada
– -$405K -41,997 Closed
QL
96
Quarry LP
New York
– -$314K -32,500 Closed
RP
97
Riverbridge Partners
Minnesota
– -$305K -31,612 Closed
HWAM
98
Hennion & Walsh Asset Management
New Jersey
– -$284K -29,473 Closed
PCM
99
Permanent Capital Management
Illinois
– -$138K -14,352 Closed
STA
100
Summit Trail Advisors
New York
– -$136K -14,083 Closed
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.