NYSE:IVZCapital Markets
Invesco (IVZ): Valuation Check After QQQ Conversion to Open-End ETF and Expected Revenue Uplift
Invesco (IVZ) just cleared a major strategic hurdle, with shareholders approving the conversion of its flagship QQQ fund into an open end ETF, a shift that directly targets higher efficiency and new revenue streams.
See our latest analysis for Invesco.
That QQQ conversion lands on top of a strong run, with a 30 day share price return of 17.74 percent and a year to date share price return of 54.9 percent. The 1 year total shareholder return of 63.33 percent and 5 year total shareholder return...