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QRG Capital Management Inc. Cuts Stock Position in Invesco Ltd. $IVZ
QRG Capital Management Inc. reduced its stake in Invesco Ltd. (NYSE:IVZ) by 33.0% in the fourth quarter, selling 64,345 shares and holding 130,480 shares valued at $3.43 million. Other hedge funds have also adjusted their positions in Invesco, which recently announced an increased quarterly dividend of $0.215 per share. Analysts generally have a “Hold” rating on Invesco, with a consensus target price of $27.29.