Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Advantage Mun Income (VKI)

63 + Investors. Track Smart Money conviction in VKI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
2Q ▼
Buyers last Q
49%

Smart Money Signals — VKI

Based on 63 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their VKI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 82% of 3.0Y peak

82% of all-time peak
63 funds currently hold this stock — 82% of the 3.0-year high of 77 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 11% fewer funds vs a year ago

fund count last 6Q
8 fewer hedge funds hold VKI compared to a year ago (-11% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 49% buying

28 buying29 selling
Last quarter: 29 funds reduced or exited vs 28 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~9 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 5 → 7 → 8 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 27% medium ■ 13% new
38 out of 63 hedge funds have held VKI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~9 new funds/quarter

11 → 5 → 7 → 8 → 9 new funds/Q
New funds entering each quarter: 5 → 7 → 8 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 65% of holders stayed 2+ years

■ 65% veterans ■ 11% 1-2yr ■ 24% new
Of 63 current holders: 41 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
12 of 63 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in VKI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.5
out of 10
Low Exit Risk
Exit risk score 2.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — VKI

In 2026 Q1, 28 hedge funds were net buyers of VKI (9 opened a new position, 19 added to an existing one), while 29 reduced or exited (16 trimmed, 13 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 45% of total institutional value in VKI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 63.

Hedge Fund Ownership: VKI

How many hedge funds hold VKI — quarterly history vs. share price
Quarterly hedge fund ownership of VKI vs. share price

Market Analysis: VKI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: VKI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Invesco Advantage Mun Income (VKI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much VKI has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 79d ago
VKI
+6.7%
XLF
+9.5%

VKI outperformed XLF by -2.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
VKI
+2.3%
XLF
+5.8%

Since the filing became public, VKI outperformed XLF by -3.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 1 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: VKI
63 + Investors

Track Smart Money conviction in VKI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 63 67 -5.97%
13F Shares 8M 9M -10.15%
Total Value $67M $85M -20.74%
New Positions 9 8 +1
Increased Positions 19 15 +4
Closed Positions 13 13 -
Reduced Positions 16 21 -5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: VKI

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Financial Highlights

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Institutional Holders (2026 Q1)

63 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in VKI. Verified SEC 13F-HR filings.

QUARTER:
Top 25 VKI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 LeConte Wealth Management, LLC 3.27% 584,255 $5.1M
2 Whipplewood Advisors, LLC 0.51% 113,584 $984K
3 Melfa Wealth Management, INC. 0.42% 83,679 $725K
4 Wealth Care LLC 0.38% 50,000 $433K
5 Madison Park Capital Advisors, LLC 0.31% 45,662 $395K
6 Indiana Trust & Investment Management Co 0.20% 75,000 $650K
7 Hennion & Walsh Asset Management, Inc. 0.15% 498,936 $4.3M
8 Orleans Capital Management Corp/la 0.12% 20,700 $179K
9 Advisors Asset Management, Inc. 0.09% 649,812 $5.6M
10 TPG Advisors LLC 0.08% 14,761 $128K
11 Guggenheim Capital LLC 0.07% 1,040,093 $9.0M
12 Indivisible Partners 0.07% 90,308 $782K
13 River Street Advisors LLC 0.06% 19,610 $170K
14 Smith, Moore & CO. 0.04% 67,842 $588K
15 Tradewinds Capital Management, LLC 0.03% 15,837 $137K
16 TCP Asset Management, LLC 0.03% 22,919 $198K
17 Mackay Shields LLC 0.01% 45,320 $392K
18 World Investment Advisors 0.01% 43,795 $379K
19 AlphaCore Capital LLC 0.01% 28,445 $246K
20 Rothschild Investment LLC 0.00% 7,666 $66K
21 Harbour Investments, INC. 0.00% 25,053 $217K
22 Mgo One Seven LLC 0.00% 17,740 $154K
23 Concurrent Investment Advisors, LLC 0.00% 28,032 $243K
24 Williams Jones Wealth Management, LLC. 0.00% 15,000 $130K
25 Stifel Financial Corp 0.00% 172,766 $1.5M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Invesco Advantage Mun Income (VKI)

What does the Smart Money Trend signal show for VKI?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their VKI positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for VKI?

More sellers than buyers — 49% buying: Last quarter: 29 funds reduced or exited vs 28 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for VKI holders?

Elite ownership — 45% AUM from top-100 funds: 12 of 63 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in VKI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held VKI?

60% of holders stayed for 2+ years: 38 out of 63 hedge funds have held VKI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Invesco Advantage Mun Income (VKI) following the 2026 Q1 hedge fund 13F filings?

As of today, VKI has moved +2.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of -3.5%. Since the quarter end (March 31, 2026), VKI has gained +6.7% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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