The company filed for a Nasdaq 100 ETF just one day after BlackRock’s iShares did the same.
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The company filed Monday for the iShares Nasdaq 100 ETF, a result of the exchange broadening its US licensing for the index.
Unit investment trust no more, Invesco’s massive ETF will see revenue directed away from marketing — something the company has long wanted.
The company’s flagship ETF, QQQ, is just shy of enough votes to approve its reclassification as an open-end fund.
The asset manager has asked the SEC to make QQQ an open-end fund, which would benefit Invesco and its shareholders.