VKQ - Invesco Municipal Trust
A closed-end fund run by Invesco. Invests in tax-free municipal bonds. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
Not right now - RiverNorth was in this fund until Aug 14, 2026 and has since sold down.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
RiverNorth owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.
Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.
What happened, and when
-
Aug 14, 2026
RiverNorth sold down below 5% and stopped reporting.
Original document → -
May 15, 2026
RiverNorth cut its stake to 7.9% (from 10.4%), as a passive investor.
Original document → -
Jan 8, 2026
RiverNorth raised its stake to 10.4% (from 6.9%), as a passive investor.
Original document → -
July 1, 2025
The fund said it will repay some borrowed money on Aug 1, 2025.
Original document → -
Feb 14, 2025
RiverNorth now owns 6.9%, as a passive investor.
Original document →
Show all 9 events
-
Sept 24, 2024
Saba sold down below 5% and stopped reporting.
Original document → -
June 14, 2024
Saba filed an updated notice; it still owns 5.8%. It has said it may push for changes.
Original document → -
May 6, 2024
Saba raised its stake to 5.7% (from 5.1%). It has said it may push for changes.
Original document → -
April 26, 2024
Saba now owns 5.1%. It has said it may push for changes.
Original document →
About this fund
- Run by Invesco Advisers, Inc. As of Feb 28, 2026, from the fund's yearly report. Original document →
- Size: about $556 million of holdings, as of May 31, 2026. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund borrows about 38% on top of its own money, as of May 31, 2026. Borrowed money makes gains and losses bigger. About 62% of that is money the fund has borrowed by selling preferred shares. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 0.9% a year in management fees; 3.2% a year in total, including interest on borrowed money. Fiscal year ended Feb 28, 2026. As of Feb 28, 2026, from the fund's yearly report. Original document →
- Payouts: last fiscal year (ended Feb 28, 2026) the fund paid $0.75 a share. $0.46 of that was income; $0.29 was your own money back, not income. As of Feb 28, 2026, from the fund's annual report. Original document →
- Value of holdings per share at the last fiscal year end (Feb 28, 2026): $10.29. The shares traded at $9.91, about 3.7% below that. As of Feb 28, 2026, from the fund's yearly report. Original document →
- How the holdings did: down 0.4% over the last three months we have (March-May 2026), before the share price is taken into account. Over the last 12 months: +9.7%. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
- How the holdings did over the fiscal year (ended Feb 28, 2026): the value of the holdings returned +3.7%. How the share price did: the shares returned +6.5% over the same year, counting payouts and the change in the market price. As of Feb 28, 2026, from the fund's annual report. Original document →
- First reported to the regulator in 1994.
What the fund holds
Almost all tax-free municipal bonds (99%). About 100% issued in the U.S.
0.7% of holdings are in default.
- Knox (County of), TN & Knoxville (City of), TN Sports Authority (Multi-Use Stadium), Series 2023 A, RB - 1.3%
- New Jersey Economic Development Authority, Series 2004, RB - 1.3%
- California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village), Series 2024, RB - 1.2%
- City of New York NY, Series 2021-3, VRD GO Bonds - 1.2%
- Buckeye Tobacco Settlement Financing Authority, Series 2020 B-2, Ref. RB - 1.1%
- New York (State of) Dormitory Authority, Series 2018, RB - 1%
- New York Liberty Development Corp. (3 World Trade Center), Series 2014-1, Ref. RB - 1%
- Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022, RB - 1%
- Clark (County of), NV Water Reclamation District, Series 2023, GO Bonds - 1%
- Jacksonville (City of), FL, Series 2023 A, Ref. RB - 1%
Show all 25
- District of Columbia, Series 2023 A, RB - 0.9%
- Washington Health Care Facilities Authority, Series 2025 A, Ref. RB - 0.9%
- New York (City of), NY, Subseries 2025 G-1, GO Bonds - 0.9%
- Seattle (City of), WA, Series 2022, Ref. RB - 0.9%
- Massachusetts School Building Authority, Series 2025, RB - 0.9%
- New York (City of), NY Municipal Water Finance Authority, Series 2020, Ref. RB - 0.9%
- Regents of the University of California Medical Center, Series 2022 P, RB - 0.9%
- Louisiana (State of), Series 2023 A-1, Ref. VRD RB - 0.9%
- New York (State of) Thruway Authority, Series 2019 B, RB - 0.9%
- Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport), Series 2019 B, RB - 0.9%
- Massachusetts (Commonwealth of) (Rail Enhancement Program) (Green Bonds), Series 2023, RB - 0.9%
- California (State of) Health Facilities Financing Authority (Cedars-Sinai Health System), Series 2021 A, Ref. RB - 0.8%
- Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2025, Ref. RB - 0.8%
- Miami-Dade (County of), FL, Series 2024 A, RB - 0.8%
- Central Plains Energy Project (No. 3), Series 2017 A, Ref. RB - 0.8%
As of May 31, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
| Date | Investor | Stake | Type of notice |
|---|---|---|---|
| Aug 14, 2026 | RiverNorth | 5% | Sold down below 5% |
| May 15, 2026 | RiverNorth | 7.9% | Updated notice |
| Jan 8, 2026 | RiverNorth | 10.4% | Updated notice |
| Feb 14, 2025 | RiverNorth | 6.9% | Passive investor |
| Sept 24, 2024 | Saba | 5% | Sold down below 5% |
| June 14, 2024 | Saba | 5.8% | Updated notice |
| May 6, 2024 | Saba | 5.7% | Updated notice |
| April 26, 2024 | Saba | 5.1% | May push for changes |
| Date | What | Deadline | Document |
|---|---|---|---|
| July 1, 2025 | Repaying borrowed money | Aug 1, 2025 | Original document → |
- Run by
- Invesco Advisers, Inc.
- Fund family
- INVESCOFDS
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-06362
- Auditor
- PricewaterhouseCoopers LLP
- Fiscal year end
- Feb 28, 2026
- Number of holdings
- 535
- Preferred share classes
- 1
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