Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Cross Above 200-Day Moving Average – What’s Next?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $64.96 and traded as high as $66.25. Invesco CurrencyShares Australian Dollar Trust shares last traded at $66.25, with a volume of 9,336 shares traded.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

The stock’s 50-day moving average is $65.33 and its 200 day moving average is $64.97.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd were given a $0.0524 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, January 2nd. This is a positive change from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05.

Institutional Investors Weigh In On Invesco CurrencyShares Australian Dollar Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FXA. Flow Traders U.S. LLC purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the third quarter worth about $487,000. Bank of America Corp DE grew its position in Invesco CurrencyShares Australian Dollar Trust by 147.0% during the 3rd quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 522 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 10.7% during the third quarter. Cresset Asset Management LLC now owns 87,245 shares of the exchange traded fund’s stock worth $5,717,000 after purchasing an additional 8,412 shares during the period. MAI Capital Management purchased a new stake in Invesco CurrencyShares Australian Dollar Trust in the third quarter valued at approximately $323,000. Finally, Clearstead Advisors LLC acquired a new position in Invesco CurrencyShares Australian Dollar Trust in the 3rd quarter worth approximately $83,000.

Invesco CurrencyShares Australian Dollar Trust Company Profile

Guggenheim CurrencyShares Australian Dollar Trust, formerly The CurrencyShares Australian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Australian Dollars and distributes Australian Dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Australian Dollars plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are intended to offer investors an opportunity to participate in the market for the Australian Dollar through an investment in securities.