Invesco Ltd. (IVZ) is one of the top performers this week, with a 15.28% increase on Friday, closing at $19.92 per share. The company plans to convert the QQQ ETF to an open-traded fund, pending shareholder approval. QQQ currently generates $711 million in annual fee revenues, with Invesco seeking consent to operate the ETF.

Upon approval, Invesco (IVZ) expects lower expense ratios of 0.18 percent. While IVZ shows investment potential, some AI stocks may offer higher returns with limited downside risk. Investors can explore an AI stock report for potential opportunities and growth.

Invesco’s move to convert the QQQ ETF, with $355 billion in assets, from a “unit investment trust” to a “management company,” is expected to have a significant impact on the company’s revenue structure. Shareholders will decide the fate of this change.

Read more at Yahoo Finance: Invesco (IVZ) Climbs on 3rd Day on Expected Multi-Million Dollar Profit from ETF