Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Invesco Municipal Trust (VKQ)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
1Q ▲
Buyers last Q
59%

Smart Money Signals — VKQ

Based on 92 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added VKQ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
92 funds currently hold this stock — 89% of the 3.0-year high of 103 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 7% fewer funds vs a year ago

fund count last 6Q
7 fewer hedge funds hold VKQ compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 59% buying

44 buying31 selling
Last quarter: 44 funds bought or added vs 31 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~10 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 10 → 11 → 11 → 10. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 21% medium ■ 15% new
59 out of 92 hedge funds have held VKQ 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 — ~10 new funds/quarter

11 → 10 → 11 → 11 → 10 new funds/Q
New funds entering each quarter: 10 → 11 → 11 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 71% of holders stayed 2+ years

■ 71% veterans ■ 12% 1-2yr ■ 17% new
Of 92 current holders: 65 (71%) 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.
✅

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds
12 of 92 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — 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 — VKQ

In 2026 Q1, 44 hedge funds were net buyers of VKQ (10 opened a new position, 34 added to an existing one), while 31 reduced or exited (24 trimmed, 7 sold completely) — a 59% buyer ratio, indicating a slight buying edge. 32% of total institutional value in VKQ is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 92.

Hedge Fund Ownership: VKQ

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

Market Analysis: VKQ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: VKQ

-- --

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

Is It Too Late to Buy Invesco Municipal Trust (VKQ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much VKQ 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 · 75d ago
VKQ
+3.3%
XLF
+8.0%

VKQ outperformed XLF by -4.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
VKQ
+3.1%
XLF
+4.4%

Since the filing became public, VKQ outperformed XLF by -1.3% .

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.

7 top-rated funds 0 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: VKQ
91 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 91 89 2.25%
13F Shares 15M 17M -10.96%
Total Value $135M $167M -19.18%
New Positions 10 11 -1
Increased Positions 34 37 -3
Closed Positions 8 16 -8
Reduced Positions 23 16 +7
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: VKQ

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

91 + investors

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

QUARTER:
Top 25 VKQ holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rivernorth Capital Management, LLC 2.09% 4,387,056 $41.8M
2 Rareview Capital LLC 0.52% 96,145 $880K
3 Robinson Capital Management, LLC 0.50% 124,983 $1.2M
4 Whipplewood Advisors, LLC 0.44% 88,727 $845K
5 Madison Park Capital Advisors, LLC 0.34% 45,236 $431K
6 Seamount Financial Group Inc 0.32% 73,688 $702K
7 Concorde Asset Management, LLC 0.30% 63,972 $609K
8 Melfa Wealth Management, INC. 0.18% 33,542 $319K
9 Wealth Alliance Advisory Group, LLC 0.18% 120,074 $1.1M
10 Penbrook Management LLC 0.14% 20,000 $190K
11 Tyche Wealth Partners LLC 0.10% 69,427 $661K
12 Vericrest Private Wealth 0.10% 11,308 $108K
13 Orleans Capital Management Corp/la 0.09% 14,630 $139K
14 Hennion & Walsh Asset Management, Inc. 0.09% 279,041 $2.7M
15 Guggenheim Capital LLC 0.08% 1,118,581 $10.6M
16 Ibex Wealth Advisors 0.08% 89,226 $849K
17 Jfs Wealth Advisors, LLC 0.08% 145,266 $1.4M
18 Mackay Shields LLC 0.07% 208,814 $2.0M
19 Stratos Wealth Advisors, LLC 0.05% 88,727 $845K
20 Smith, Moore & CO. 0.05% 71,578 $681K
21 NCM Capital Management, LLC 0.04% 11,476 $109K
22 Compass Financial Group, INC/SD 0.03% 24,349 $232K
23 Advisors Asset Management, Inc. 0.03% 199,449 $1.9M
24 Tradewinds Capital Management, LLC 0.03% 15,938 $152K
25 Capital Investment Advisors, LLC 0.02% 145,850 $1.4M
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 Municipal Trust (VKQ)

What does the Smart Money Trend signal show for VKQ?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added VKQ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for VKQ?

Slight buying edge — 59% buying: Last quarter: 44 funds bought or added vs 31 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for VKQ holders?

Strong quality — 32% AUM from major funds: 12 of 92 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held VKQ?

64% of holders stayed for 2+ years: 59 out of 92 hedge funds have held VKQ 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 Municipal Trust (VKQ) following the 2026 Q1 hedge fund 13F filings?

As of today, VKQ has moved +3.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.4% for the XLF sector ETF — an outperformance of -1.3%. Since the quarter end (March 31, 2026), VKQ has gained +3.3% vs +8.0% 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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