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
↓ -5
Streak
1Q ▼
Buyers last Q
42%

Smart Money Signals — VKI

Based on 63 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, 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 — 84% of 3.0Y peak

84% of all-time peak
63 funds currently hold this stock — 84% of the 3.0-year high of 75 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 14% fewer funds vs a year ago

fund count last 6Q
10 fewer hedge funds hold VKI compared to a year ago (-14% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 42% buying

22 buying31 selling
Last quarter: 31 funds reduced or exited vs 22 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 — ~7 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 10 → 5 → 7 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 24% medium ■ 14% new
39 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.
💎

Buying through price weakness — shares -10%, value -98%

Value
-97%
Shares
-9%
Last quarter: funds added -10% more shares while total portfolio value only changed -98%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~7 new funds/quarter

14 → 10 → 5 → 7 → 7 new funds/Q
New funds entering each quarter: 10 → 5 → 7 → 7. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 60% of holders stayed 2+ years

■ 60% veterans ■ 13% 1-2yr ■ 27% new
Of 63 current holders: 38 (60%) 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 — 47% AUM from top-100 funds

47% from top-100 AUM funds
10 of 63 holders are among the 100 largest funds by AUM, controlling 47% 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.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 2025 Q4, 22 hedge funds were net buyers of VKI (7 opened a new position, 15 added to an existing one), while 31 reduced or exited (19 trimmed, 12 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. 47% of total institutional value in VKI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -5 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

Financial Services Asset Management

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

9 top-rated funds 0 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: VKI
2026 Q1 Stats Unlock in 8 days 63 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 63 68 -7.35%
13F Shares 8M 9M -9.83%
Total Value $77M $3.63B -97.88%
New Positions 7 7 -
Increased Positions 15 20 -5
Closed Positions 12 7 +5
Reduced Positions 19 20 -1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: VKI

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Valuation Measures Data as of: --

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Short % of Float --

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.

Top 25 institutional holders of VKI — 2025 Q4 · 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 TPG Advisors LLC 0.08% 14,761 $128K
8 Indivisible Partners 0.07% 90,308 $782K
9 River Street Advisors LLC 0.06% 19,610 $170K
10 SMITH, MOORE & CO. 0.04% 67,842 $588K
11 Tradewinds Capital Management, LLC 0.03% 15,837 $137K
12 TCP Asset Management, LLC 0.03% 22,919 $198K
13 MACKAY SHIELDS LLC 0.01% 45,320 $392K
14 World Investment Advisors 0.01% 43,795 $379K
15 ROTHSCHILD INVESTMENT LLC 0.00% 7,666 $66K
16 Concurrent Investment Advisors, LLC 0.00% 28,032 $243K
17 Williams Jones Wealth Management, LLC. 0.00% 15,000 $130K
18 STIFEL FINANCIAL CORP 0.00% 172,766 $1.5M
19 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% 67,369 $584K
20 UBS Group AG 0.00% 844,478 $7.3M
21 PRIVATE TRUST CO NA 0.00% 1,400 $12K
22 HIGHLINE WEALTH PARTNERS LLC 0.00% 470 $4K
23 CoreCap Advisors, LLC 0.00% 3,147 $27K
24 LPL Financial LLC 0.00% 400,085 $3.5M
25 Kestra Advisory Services, LLC 0.00% 24,492 $212K
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 — 1 quarter in a row: For 1 consecutive quarter, 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 — 42% buying: Last quarter: 31 funds reduced or exited vs 22 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 — 47% AUM from top-100 funds: 10 of 63 holders are among the 100 largest funds by AUM, controlling 47% 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?

62% of holders stayed for 2+ years: 39 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.

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.