Invesco Ltd (IVZ) has been making significant strides in recent times, as reflected by a series of favorable events. The asset management firm is enjoying a three-day climb propelled by expected multi-million profit from ETF. The company is in the spotlight after filing to convert QQQ (IVZ:NYSE), with an aim to reclassify Invesco QQQ Trust℠, Series 1. This move, together with the stock hitting a new 52-week high, sparks discussion about it being an optimal time to buy. Breathing life to the housing sector, Invesco launches a $1B multifamily investment program with its first purchase in Orlando. Strategic partnerships have also been in the works, like the recent $1 billion multifamily partnership with Bozzuto. Its quarterly earnings report is highly anticipated across the industry. Other recent achievements include a significant increase in stock ownership by different entities and establishments. Invesco's efforts to convert the QQQ trust to an Open-End Fund and the decision to cut fees by 10% were met positively. Predictions for the firm's earnings, as well as Barclays raising the price target, all indicate promising times ahead for Invesco.
