Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Declares Dividend Increase – $0.24 Per Share

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) announced a monthly dividend on Wednesday, December 31st. Shareholders of record on Friday, January 2nd will be paid a dividend of 0.2389 per share by the exchange traded fund on Thursday, January 8th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, January 2nd. This is a 1.2% increase from Invesco CurrencyShares British Pound Sterling Trust’s previous monthly dividend of $0.24.

Invesco CurrencyShares British Pound Sterling Trust Stock Up 0.2%

NYSEARCA FXB opened at $129.75 on Friday. Invesco CurrencyShares British Pound Sterling Trust has a 1-year low of $116.74 and a 1-year high of $132.44. The company has a 50 day moving average of $127.66 and a 200-day moving average of $128.92.

Hedge Funds Weigh In On Invesco CurrencyShares British Pound Sterling Trust

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its position in Invesco CurrencyShares British Pound Sterling Trust by 578.2% during the 2nd quarter. Jane Street Group LLC now owns 23,737 shares of the exchange traded fund’s stock valued at $3,137,000 after purchasing an additional 20,237 shares during the period. NewSquare Capital LLC bought a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the third quarter worth approximately $2,048,000. Geneos Wealth Management Inc. acquired a new position in Invesco CurrencyShares British Pound Sterling Trust in the first quarter valued at approximately $1,537,000. Focus Partners Wealth boosted its stake in Invesco CurrencyShares British Pound Sterling Trust by 195.2% in the third quarter. Focus Partners Wealth now owns 8,649 shares of the exchange traded fund’s stock valued at $1,119,000 after acquiring an additional 5,719 shares during the last quarter. Finally, Worth Asset Management LLC bought a new position in Invesco CurrencyShares British Pound Sterling Trust in the second quarter valued at approximately $607,000.

About Invesco CurrencyShares British Pound Sterling Trust

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.