Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC – Get Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $70.54 and traded as high as $70.63. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $70.63, with a volume of 4,025 shares trading hands.
Invesco CurrencyShares Canadian Dollar Trust Trading Up 0.2%
The stock’s 50-day simple moving average is $69.55 and its two-hundred day simple moving average is $70.53.
Institutional Trading of Invesco CurrencyShares Canadian Dollar Trust
Institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its stake in Invesco CurrencyShares Canadian Dollar Trust by 45.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock valued at $49,000 after buying an additional 225 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Invesco CurrencyShares Canadian Dollar Trust during the third quarter valued at approximately $204,000. Bank of America Corp DE lifted its position in shares of Invesco CurrencyShares Canadian Dollar Trust by 38.7% in the first quarter. Bank of America Corp DE now owns 4,702 shares of the exchange traded fund’s stock valued at $330,000 after acquiring an additional 1,311 shares in the last quarter. Charles Schwab Trust Co acquired a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust in the second quarter worth approximately $345,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust in the fourth quarter worth approximately $854,000.
About Invesco CurrencyShares Canadian Dollar Trust
Guggenheim CurrencyShares Canadian Dollar Trust, formerly CurrencyShares Canadian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Canadian dollars and distributes Canadian dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Canadian Dollars. The Bank of New York Mellon serves as the Trustee. The Trust’s sponsor is Rydex Specialized Products LLC, which is doing business as Rydex Investments.
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