Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $129.44 and traded as high as $131.62. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $131.15, with a volume of 12,187 shares.

Invesco CurrencyShares British Pound Sterling Trust Price Performance

The firm has a 50-day moving average of $129.44 and a two-hundred day moving average of $128.89.

Invesco CurrencyShares British Pound Sterling Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 6th. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.2275 per share. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FXB. Haven Private LLC purchased a new position in shares of Invesco CurrencyShares British Pound Sterling Trust in the 2nd quarter valued at $591,000. Bank of Montreal Can acquired a new stake in Invesco CurrencyShares British Pound Sterling Trust in the 2nd quarter valued at $560,000. Tortoise Investment Management LLC purchased a new position in Invesco CurrencyShares British Pound Sterling Trust in the second quarter valued at about $204,000. JPMorgan Chase & Co. acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth about $52,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth about $264,000.

Invesco CurrencyShares British Pound Sterling Trust Company Profile

Guggenheim CurrencyShares British Pound Sterling Trust, formerly CurrencyShares British Pound Sterling Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of British Pound Sterling and distributes British Pound Sterling in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of British Pound Sterling plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the British Pound Sterling through an investment in securities.