Invesco Is Just Short of 51% Threshold to Convert QQQ to an ETF

Invesco Ltd. has secured votes from about 50% of QQQ shareholders in support of converting the Nasdaq-tracking fund into a standard ETF, leaving the proposal just short of the 51%...

By Katie Greifeld · Bloomberg Markets

Invesco Ltd. has secured votes from about 50% of QQQ shareholders in support of converting the Nasdaq-tracking fund into a standard ETF, leaving the proposal just short of the 51% needed for approval ahead of a Friday morning deadline.