Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $70.58 and traded as high as $71.42. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.41, with a volume of 64,450 shares trading hands.

Invesco CurrencyShares Canadian Dollar Trust Stock Up 0.0%

The stock has a fifty day simple moving average of $71.25 and a two-hundred day simple moving average of $70.58.

Invesco CurrencyShares Canadian Dollar Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were paid a $0.0071 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 0.1%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% in the first quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock worth $4,075,000 after acquiring an additional 59,230 shares during the last quarter. Virtu Financial LLC increased its position in Invesco CurrencyShares Canadian Dollar Trust by 163.1% during the 3rd quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock worth $1,557,000 after purchasing an additional 13,741 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in Invesco CurrencyShares Canadian Dollar Trust during the 4th quarter worth approximately $854,000. Haven Private LLC bought a new position in Invesco CurrencyShares Canadian Dollar Trust in the 2nd quarter valued at approximately $610,000. Finally, Ashton Thomas Private Wealth LLC boosted its position in Invesco CurrencyShares Canadian Dollar Trust by 17.8% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock valued at $2,442,000 after buying an additional 5,176 shares in the last quarter.

Invesco CurrencyShares Canadian Dollar Trust Company Profile

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.