Core Insights - Invesco has successfully restructured its flagship $399 billion fund, QQQ, from a unit investment trust to an open-end fund, achieving over 51% shareholder approval [1] - The restructuring will lead to a reduction in fees from 20 basis points to 18, benefiting investors [1] - This change allows Invesco to significantly increase its annual revenue, redirecting over $100 million previously restricted to marketing [3] Investor Impact - Shareholders will no longer receive outreach calls from third parties hired by Invesco to encourage voting, which some found intrusive [2] - The reclassification enables Invesco to reinvest income and utilize securities lending, enhancing flexibility for better investor outcomes [3] Fund Performance - QQQ has performed well in 2023, returning over 20% year to date, outperforming the S&P 500, which is up over 16% [4] - The fund has attracted approximately $16 billion in net inflows this year, despite experiencing net outflows of around $1 billion in November [4] - QQQ is currently the fourth-largest US ETF, with Vanguard's Total Stock Market ETF (VTI) at $569 billion and Vanguard's Growth ETF (VUG) at $206 billion ahead of it [4]

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before making investment decisions [1] - The firm provides educational content but does not offer specific investment recommendations or tax advice [1] - Invesco's opinions are based on current market conditions and may change without notice, indicating a dynamic approach to investment management [1] Group 2 - Invesco Distributors, Inc. serves as the US distributor for Invesco Ltd.'s retail products and collective trust funds [1] - The company operates through various affiliated investment advisers that provide advisory services without selling securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc. and other broker-dealers, highlighting the firm's extensive distribution network [1]

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before making investment decisions [1] - The firm provides educational content but does not offer specific investment recommendations or tax advice [1] - Invesco's opinions are based on current market conditions and may change over time, differing from other investment professionals within the firm [1] Group 2 - Invesco Distributors, Inc. serves as the US distributor for Invesco Ltd.'s retail products and collective trust funds [1] - Invesco Advisers, Inc. and affiliated investment advisers provide advisory services without selling securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc. and other broker-dealers [1]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Invesco (IVZ) - Invesco currently holds a Momentum Style Score of B, indicating a favorable position in momentum investing [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, IVZ shares increased by 0.08%, while the Zacks Financial - Investment Management industry rose by 1.49% [5] - In a longer timeframe, IVZ's shares have appreciated by 16.65% monthly, outperforming the industry's 5.63% [5] - Over the last quarter, IVZ shares increased by 18.43%, and over the past year, they gained 57.81%, compared to the S&P 500's 2.44% and 16.74% respectively [6] Trading Volume - IVZ's average 20-day trading volume is 5,227,953 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, five earnings estimates for IVZ have been revised upwards, with no downward revisions, raising the consensus estimate from $1.83 to $1.95 [9] - For the next fiscal year, five estimates have also moved higher without any decreases [9] Conclusion - Given the positive price trends, strong earnings outlook, and favorable momentum score, IVZ is positioned as a strong buy candidate for investors seeking short-term gains [11]

Core Viewpoint - Invesco (IVZ) is currently viewed as a more attractive investment option compared to BlackRock (BLK) due to its stronger earnings outlook and more favorable valuation metrics [3][7]. Group 1: Zacks Rank and Earnings Outlook - Invesco has a Zacks Rank of 1 (Strong Buy), indicating a positive earnings estimate revision trend, while BlackRock has a Zacks Rank of 3 (Hold) [3]. - The Zacks Rank system emphasizes companies with improving earnings outlooks, suggesting that IVZ is likely experiencing a more favorable earnings trajectory than BLK [3]. Group 2: Valuation Metrics - Invesco has a forward P/E ratio of 13.60, significantly lower than BlackRock's forward P/E of 22.42, indicating that IVZ may be undervalued relative to BLK [5]. - The PEG ratio for Invesco is 0.65, while BlackRock's PEG ratio stands at 1.67, further suggesting that IVZ offers better value considering expected earnings growth [5]. - Invesco's P/B ratio is 1.01, compared to BlackRock's P/B of 2.96, reinforcing the notion that IVZ is more attractively priced relative to its book value [6]. Group 3: Overall Value Assessment - Based on the combination of a solid earnings outlook and favorable valuation figures, Invesco is assessed as the superior value option compared to BlackRock at this time [7].

(Bloomberg) — Owners of Invesco Ltd.’s famed tech fund QQQ (QQQ) voted to convert the product into an open-ended structure, a move that could unlock hundreds of millions in annual revenue for the asset manager. Shareholders of the $402 billion Invesco QQQ Trust Series 1 approved changing the fund’s structure from a unit investment trust, which is a little-used structure dating back to the birth of the first exchange-traded funds in the 1990s, an Invesco spokesperson said Friday. Most Read from Bloomberg ...

Core Insights - Invesco QQQ Trust has undergone a significant restructuring, transitioning from a unit investment trust ETF to an open-end fund ETF, which is expected to reduce investor fees by 10% [1][2][3] Fund Structure and Fees - The total expense ratio for Invesco QQQ will decrease from 0.20% to 0.18% as part of the conversion [2] - The new structure allows for reinvestment of income and participation in securities lending, with no tax implications for investors [2] Management and Strategy - Andrew Schlossberg, President and CEO of Invesco, emphasized the importance of this transformation in delivering better outcomes for investors and responding to client needs [3] - The modernized QQQ will continue to track the Nasdaq-100 Index, which includes the 100 largest non-financial companies listed on the Nasdaq [3] Innovation and Product Offering - The reclassification aligns with Invesco's goal to provide innovative ETF solutions, enhancing access to the Nasdaq-100 Index [4] - Invesco QQQ remains a key component of the Invesco QQQ Innovation Suite, which offers a range of ten differentiated ETFs for customized exposure to the index [4][5] Assets Under Management - As of November 30, 2025, the assets under management for the Invesco QQQ Innovation Suite total approximately $474.7 billion, the highest among providers tracking the Nasdaq-100 Index [5] Company Overview - Invesco Ltd. is a leading global asset management firm with $2.1 trillion in assets under management as of September 30, 2025, serving clients in over 120 countries [6]

Group 1: Stock Highlights - West Bancorporation, Inc. (WTBA) has seen a 7.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and offers a dividend yield of 4.2%, surpassing the industry average of 2.7% [1] - Phillips 66 (PSX) has experienced a 15.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days, with a dividend yield of 3.6%, also above the industry average of 2.7% [2] - Invesco Ltd. (IVZ) has had a 6.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] Group 2: Dividend Yield Comparison - The average dividend yield for the industry is 2.7%, with West Bancorporation, Phillips 66, and another unnamed company offering yields of 4.2%, 3.6%, and 3.2% respectively, indicating strong income characteristics [1][2][3]