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Exchange Traded Concepts LLC Raises Position in Invesco Ltd. $IVZ
Exchange Traded Concepts LLC significantly increased its stake in Invesco Ltd. (NYSE:IVZ) by 1,848.2% in the fourth quarter, now holding 235,767 shares valued at $6.19 million. This comes as Invesco beat its Q4 earnings and revenue estimates and announced a quarterly dividend of $0.21 per share. Despite mixed analyst ratings, with a consensus “Hold” and a target price of $28.46, institutional investors are actively adjusting their positions in the asset management firm.