Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Shares of Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $125.99 and traded as low as $123.67. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $123.69, with a volume of 4,232 shares changing hands.

Invesco CurrencyShares British Pound Sterling Trust Stock Down 0.4 %

The firm has a fifty day moving average price of $125.99 and a 200-day moving average price of $124.05.

Hedge Funds Weigh In On Invesco CurrencyShares British Pound Sterling Trust

Several institutional investors and hedge funds have recently bought and sold shares of FXB. Comerica Bank bought a new position in Invesco CurrencyShares British Pound Sterling Trust during the first quarter valued at $36,000. Worth Asset Management LLC purchased a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the third quarter worth $585,000. Finally, International Assets Investment Management LLC lifted its position in shares of Invesco CurrencyShares British Pound Sterling Trust by 33,946.7% during the third quarter. International Assets Investment Management LLC now owns 25,535 shares of the exchange traded fund’s stock worth $3,289,000 after acquiring an additional 25,460 shares in the last quarter.

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.