Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Cross Above Fifty Day Moving Average – Here’s Why

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $129.26 and traded as high as $129.28. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $128.96, with a volume of 1,802 shares.

Invesco CurrencyShares British Pound Sterling Trust Trading Up 0.0%

The business’s fifty day moving average price is $129.26 and its 200 day moving average price is $129.20.

Invesco CurrencyShares British Pound Sterling Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.226 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Invesco CurrencyShares British Pound Sterling Trust’s previous monthly dividend of $0.22. The ex-dividend date is Monday, June 1st.

Institutional Investors Weigh In On Invesco CurrencyShares British Pound Sterling Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth about $52,000. Dunhill Financial LLC boosted its position in shares of Invesco CurrencyShares British Pound Sterling Trust by 225.0% in the fourth quarter. Dunhill Financial LLC now owns 585 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 405 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust in the second quarter worth approximately $119,000. Flow Traders U.S. LLC acquired a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust in the third quarter worth approximately $207,000. Finally, Bank of Montreal Can acquired a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust in the fourth quarter worth approximately $229,000.

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.