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.
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)
Top Buyers
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$13.4M |
| 2 |
Morgan Stanley
New York
|
+$3.42M |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$1.34M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.26M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$835K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Cerity Partners
New York
| – | -$126K | -13,098 | Closed |
|
|
NCM
102
NCM Capital Management
Ramsey,
New Jersey
| – | -$111K | -11,476 | Closed |
|
|
MNBTD
103
Moody National Bank Trust Division
Galveston,
Texas
| – | -$109K | -11,248 | Closed |
|
|
ASN
104
Advisory Services Network
Atlanta,
Georgia
| – | -$36.2K | -3,747 | Closed |
|
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.