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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
RCM
1
Rivernorth Capital Management
Florida
$55.7M +$13.4M +1,390,317 +32%
Morgan Stanley
2
Morgan Stanley
New York
$15.6M +$3.42M +354,100 +28%
GC
3
Guggenheim Capital
Illinois
$11.6M +$79.9K +8,278 +0.7%
LPL Financial
4
LPL Financial
California
$9.27M +$1.26M +130,288 +16%
UBS Group
5
UBS Group
Switzerland
$8.56M -$612K -63,370 -7%
SIA
6
Sit Investment Associates
Minnesota
$7.01M -$210K -21,700 -3%
RCM
7
Robinson Capital Management
Michigan
$5.67M -$429K -44,414 -7%
Wells Fargo
8
Wells Fargo
California
$4.28M +$131K +13,561 +3%
VanEck Associates
9
VanEck Associates
New York
$3.87M +$425K +43,972 +12%
Raymond James Financial
10
Raymond James Financial
Florida
$3.34M +$835K +86,421 +33%
MSL
11
Mackay Shields LLC
New York
$3.14M – – –
RC
12
Rareview Capital
Nevada
$2.64M +$110K +11,357 +4%
NA
13
NewEdge Advisors
Louisiana
$2.17M +$1.34M +138,365 +159%
Invesco
14
Invesco
Georgia
$2.08M +$460K +47,615 +28%
Bank of America
15
Bank of America
North Carolina
$1.96M +$176K +18,274 +10%
AAM
16
Advisors Asset Management
Colorado
$1.94M -$957K -99,111 -33%
SWA
17
Stratos Wealth Advisors
Ohio
$1.88M -$37.3K -3,865 -2%
Baird Financial Group
18
Baird Financial Group
Wisconsin
$1.66M +$1.19K +123 +0.1%
SMC
19
Smith, Moore & Co
Missouri
$1.46M -$142K -14,673 -9%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$1.43M +$237K +24,509 +20%
CIA
21
Capital Investment Advisors
Georgia
$1.42M -$57.1K -5,914 -4%
JWA
22
JFS Wealth Advisors
Pennsylvania
$1.4M +$1.75K +181 +0.1%
SPIA
23
Steward Partners Investment Advisory
New York
$1.35M +$8.18K +847 +0.6%
Stifel Financial
24
Stifel Financial
Missouri
$1.24M +$1.96K +203 +0.2%
IWA
25
IBEX Wealth Advisors
New Jersey
$875K -$52.7K -5,455 -6%
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.