Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Cross Above 50 Day Moving Average – Time to Sell?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $129.85 and traded as high as $131.36. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $130.93, with a volume of 10,264 shares.

Invesco CurrencyShares British Pound Sterling Trust Stock Down 0.0%

The business’s 50 day moving average is $129.85 and its 200 day moving average is $128.94.

Invesco CurrencyShares British Pound Sterling Trust Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.2275 per share. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, February 2nd.

Institutional Trading of Invesco CurrencyShares British Pound Sterling Trust

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC increased its position in shares of Invesco CurrencyShares British Pound Sterling Trust by 578.2% during the second quarter. Jane Street Group LLC now owns 23,737 shares of the exchange traded fund’s stock worth $3,137,000 after purchasing an additional 20,237 shares in the last quarter. NewSquare Capital LLC acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter worth approximately $2,048,000. Focus Partners Wealth increased its stake in Invesco CurrencyShares British Pound Sterling Trust by 195.2% during the third quarter. Focus Partners Wealth now owns 8,649 shares of the exchange traded fund’s stock worth $1,119,000 after purchasing an additional 5,719 shares during the period. Haven Private LLC purchased a new position in Invesco CurrencyShares British Pound Sterling Trust in the 2nd quarter valued at approximately $591,000. Finally, Bank of Montreal Can acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter worth $560,000.

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.