Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Share Price Cross Above 200 Day Moving Average – Should You Sell?

Shares of Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $66.68 and traded as high as $69.21. Invesco CurrencyShares Australian Dollar Trust shares last traded at $69.05, with a volume of 35,048 shares.

Invesco CurrencyShares Australian Dollar Trust Trading Down 1.0%

The firm’s fifty day simple moving average is $69.43 and its 200 day simple moving average is $66.71.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0604 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 1.1%. This is a positive change from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05.

Institutional Investors Weigh In On Invesco CurrencyShares Australian Dollar Trust

Several large investors have recently added to or reduced their stakes in the stock. Cresset Asset Management LLC lifted its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 10.7% in the 3rd quarter. Cresset Asset Management LLC now owns 87,245 shares of the exchange traded fund’s stock valued at $5,717,000 after purchasing an additional 8,412 shares during the last quarter. Clearstead Advisors LLC bought a new position in shares of Invesco CurrencyShares Australian Dollar Trust during the 3rd quarter valued at approximately $83,000. Cibc World Market Inc. raised its holdings in Invesco CurrencyShares Australian Dollar Trust by 61.4% during the 3rd quarter. Cibc World Market Inc. now owns 17,700 shares of the exchange traded fund’s stock valued at $1,160,000 after buying an additional 6,735 shares during the period. Haven Private LLC raised its holdings in Invesco CurrencyShares Australian Dollar Trust by 1.8% during the 3rd quarter. Haven Private LLC now owns 9,447 shares of the exchange traded fund’s stock valued at $619,000 after buying an additional 169 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Invesco CurrencyShares Australian Dollar Trust in the second quarter worth $33,000.

Invesco CurrencyShares Australian Dollar Trust Company Profile

Guggenheim CurrencyShares Australian Dollar Trust, formerly The CurrencyShares Australian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Australian Dollars and distributes Australian Dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Australian Dollars plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are intended to offer investors an opportunity to participate in the market for the Australian Dollar through an investment in securities.