Invesco stock surges after filing to convert QQQ

3 hours ago 1
Invesco sign is seen on their Canadian Head Office building in Toronto.

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Invesco (NYSE:IVZ) stock jumped 12% in Friday midday trading after the investment firm filed a proxy statement seeking to convert its QQQ Trust Series 1 (NASDAQ:QQQ) to an open-end fund from a unit investment trust.

QQQ will continue to be

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