yahoo news | State Street Follows BlackRock With Filing to Challenge Invesco’s QQQ

State Street Investment Management has joined BlackRock in filing with the Securities and Exchange Commission to launch new Nasdaq 100 exchange‑traded funds, directly targeting Invesco’s long‑standing market leader, the Invesco QQQ Trust. The SPDR Nasdaq 100 ETF and BlackRock’s iShares Nasdaq 100 ETF become viable contenders now that Nasdaq has opened licensing for the index, which tracks the 100 largest U.S. companies outside of the financial sector. Both newcomers aim to capture investors who want exposure to the “Qs,” especially as the index may soon welcome high‑profile IPOs such as SpaceX.

Fee differentials and brand loyalty are expected to drive the competitive dynamics. Invesco’s newer QQQM fund already outperformed the flagship QQQ in the past year, largely because of its lower 15‑basis‑point expense ratio versus QQQ’s 18 bps; QQQM attracted $1.6 billion in inflows in early 2026 while QQQ saw $8 billion of outflows. Analysts argue that the larger, well‑established ETF platforms of BlackRock and State Street can further erode QQQ’s scale by offering similarly low fees, while also providing a familiar “blue‑chip” alternative for investors seeking exposure to upcoming Nasdaq 100 additions.

Nasdaq has indicated that additional licenses will be granted to a “select set of partners,” though it did not disclose which firms will receive them. In response, Invesco emphasized its 25‑year track record, asserting that “there is only one QQQ.” The filing news coincided with a more than 5 % drop in Invesco’s share price, even as the stock remains up 79 % over the past year. With the cheapest existing alternative sitting at 15 bps, analysts predict there is ample room for new players to compete on cost, potentially shaving a further 12 bps off the expense landscape and giving investors additional low‑cost pathways to Nasdaq 100 exposure.

Read more: https://finance.yahoo.com/markets/stocks/articles/state-street-follows-blackrock-filing-040300528.html?fr=sycsrp_catchall

#statestreet #blackrock #invesco #qqq #nasdaq-100

yahoo news | Is Invesco’s (IVZ) Tokenization Push Offsetting Rising Pressure On Its Core QQQ ...

In recent days Invesco has stepped up its involvement in digital assets by becoming the investment manager for Superstate’s roughly US$900 million tokenized Short‑Duration US Government Securities Fund. At the same time the firm is preparing a shareholder vote on by‑law changes that would allow directors to be removed with or without cause at its May 21, 2026 annual meeting. Adding to this, BlackRock has filed for an iShares Nasdaq 100 ETF (ticker IQQ) that would sit directly against Invesco’s long‑established QQQ franchise, raising fresh competitive pressure on one of the company’s flagship index products.

The new BlackRock filing strikes at the heart of Invesco’s core ETF story, since QQQ and QQQM have been key growth engines for the firm’s index suite. How Invesco reacts—through pricing, product design and innovation, especially as it expands into on‑chain and digital formats—could determine whether it can offset fee pressure and competition from technology‑first rivals. While the tokenized fund mandate and the by‑law amendment appear less material to near‑term earnings, they are still relevant to Invesc​o’s longer‑term competitive positioning and governance.

Invesco’s own narrative projects US$5.3 billion in revenue and US$2.3 billion in earnings by 2029, implying a fair‑value estimate of $29.86 per share (about a 31 % upside). However, some analysts take a more cautious view, forecasting revenue around US$5.0 billion and earnings near US$1.1 billion, underscoring the uncertainty brought by BlackRock’s new ETF challenge. The article concludes with a disclaimer that the commentary is based on historical data and analyst forecasts and does not constitute financial advice.

Read more: https://finance.yahoo.com/markets/stocks/articles/invesco-ivz-tokenization-push-offsetting-121126849.html?fr=sycsrp_catchall

#invesco #blackrock #nasdaq-100 #etf #usgovernment

US Top News and Analysis | Stocks making the biggest moves midday: Lucid, AppLovin, Western Digital, Invesco & more

Here are some of the companies seeing the biggest moves in midday trading. AppLovin — The mobile app marketing services saw shares jump 5% on the heels of a couple bullish Wall Street reports. BTIG raised its first-quarter estimates for AppLovin to above consensus, citing "healthier sequential performance from non-gaming marketers." The firm now sees first-quarter revenue coming in at $1.82 billion, versus its earlier estimate of $1.773 billion and AppLovin's guidance of $1.745 billion to $1.775 billion. Wedbush also reiterated its outperform rating on AppLovin, highlighting the company's generative artificial intelligence advertising suite as an upcoming catalyst. Invesco — The asset manager dropped nearly 5% after BlackRock filed with the Securities and Exchange Commission to create an alternative to Invesco's lucrative QQQ Trust, an exchange-traded fund that tracks the performance of the Nasdaq-100 index. Encompass Health — The provider of post-acute healthcare services jumped more than 6% after the Centers for Medicare & Medicaid Services proposed a 2.4% rate increase for the government's fiscal year 2027 under the Inpatient Rehabilitation Facility (IRF) Prospective Payment System (PPS). Kratos Defense & Security — The defense contractor rallied 8% after Jefferies upgraded Kratos to buy from hold and instituted an $85, 12-month price target. Kratos has a $14 billion "opportunity pipeline" in weapons such as Prometheus and Hypersonics in its government solutions subsidiary, Jefferies analysts wrote, adding that the business unit "could drive > 30%" compound annual growth in 2028 earnings estimates. Boot Barn — The maker of Western-style apparel, boots and accessories rallied nearly 8% after Jefferies upgraded Boot Barn to buy from hold with a $195, 12-month price target. "Valuation has meaningfully reset (from ~24x to ~16x), while execution and underlying demand trends remain intact," analysts wrote. Elbit Systems — The defense contractor saw shares jump almost 4%. Elbit announced that it was awarded $750 million to supply its PULS rocket artillery systems to the Hellenic Armed Forces. Lucid Group — Shares of the electric vehicle company dropped more than 5%. Lucid announced late Friday that the company delivered 3,093 vehicles in the first quarter, noting that deliveries of the Lucid Gravity SUV were interrupted for 29 days because of a supplier quality issue with the second-row seats. Soleno Therapeutics — Shares surged 32% after Neurocrine Biosciences announced an agreement to acquire the company for $53 per share in cash, valuing the deal at around $2.9 billion. Neurocrine said Soleno will help expand its medicine portfolio and strengthen its position as a leader in endocrinology and rare disease. Mara, Strategy, Coinbase — Bitcoin prices were up almost 4% above $69,000 in Monday trading, bringing names with exposure to the cryptocurrency up with it. Digital asset and crypto mining company Mara was up more than 3%, while bitcoin treasury company Strategy jumped 6%. Trading platform Coinbase also rose more than 3%. Dow, LyondellBasell Industries — Downgrades by Bank of America to underperform from neutral on both companies sent their stocks lower. The bank said the chemical companies had experienced too strong performances year to date from unsustainable tailwinds due to the war in Iran. Dow and LyondellBasell declined nearly 3%. Memory stocks — A slew of names continued to rebound following a sharp sell-off that ended last week in one of the best performing groups in 2026. Sandisk added 2%, while Micron jumped nearly 4%. Western Digital was up more than 4%. Seagate Technology was up about 6% off the rally and a boost from being named a top pick by Morgan Stanley. —CNBC's Scott Schnipper and Darla Mercado contributed reporting. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds - from fi

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Read more: https://www.cnbc.com/2026/04/06/stocks-making-the-biggest-moves-midday-lcid-app-wdc-ivz.html

#lucid #applovin #westerndigital #invesco #kratosdefense

blackrock is now making more money in fees managing its bitcoin ETF than it is from managing its massive S&P 500 index fund (IVV)

(just in case anyone was wondering why #Blackrock CEO Larry Fink, who just a few years ago was calling bitcoin "an index for money laundering", might have changed his mind about it)

#LarryFink #finance #indexfund #sp500 #markets #stockmarket #IBIT #IWV #bloomberg #passiveinvesting #moneylaundering #crypto #uspol #wallst #cryptocurrency #uspolitics #VOO #vanguard #IVV #Invesco

"Mehrere große US-Vermögensverwalter sind mittlerweile aus #Klima Bündnissen wie der #NetZeroAssetManagersInitiative oder #ClimateAction100+ ausgetreten und halten sich beim Thema #Nachhaltigkeit zurück, mutmaßlich weil sie Repressionen von Präsident #Trump fürchten. Die Folge: Nachhaltige Großinvestoren legen ihr #Geld jetzt woanders an.

Der britische Pensionsfonds #ThePeoplesPension teilte kürzlich mit, er werde bis Ende März den Großteil seiner verwalteten Pensionsgelder von insgesamt rund 32 Milliarden Britischen Pfund (38 Milliarden Euro) vom bisherigen Vermögensverwalter #StateStreetGlobalAdvisors abziehen. Die Gelder sollen künftig vom französischen Finanzkonzern #Amundi (20 Milliarden Pfund) und der US-Gesellschaft #Invesco (knapp 10 Milliarden Pfund) verwaltet werden. Beide Unternehmen legen das Pensionsvermögen nach den nachhaltigen Kriterien von The People's Pension an."

https://www.ecoreporter.de/artikel/verm%C3%B6gensverwalter-donald-trumps-langer-schatten/

#Klima #climateAction #investment #investieren #nachhaltigesInvestieren #uk #us #france