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

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $128.50 and traded as high as $130.07. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $129.73, with a volume of 1,235 shares.

Invesco CurrencyShares British Pound Sterling Trust Stock Performance

The company has a 50-day simple moving average of $128.51 and a 200-day simple moving average of $129.20.

Invesco CurrencyShares British Pound Sterling Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 7th. Investors of record on Monday, August 3rd were paid a dividend of $0.2262 per share. The ex-dividend date of this dividend was Monday, August 3rd. This is an increase from Invesco CurrencyShares British Pound Sterling Trust’s previous monthly dividend of $0.22. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%.

Hedge Funds Weigh In On Invesco CurrencyShares British Pound Sterling Trust

A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new stake in Invesco CurrencyShares British Pound Sterling Trust in the second quarter worth about $52,000. Dunhill Financial LLC raised its holdings in shares of Invesco CurrencyShares British Pound Sterling Trust by 225.0% during the 4th quarter. Dunhill Financial LLC now owns 585 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 405 shares in the last quarter. Raymond James Financial Inc. bought a new position in Invesco CurrencyShares British Pound Sterling Trust during the second quarter valued at about $119,000. Flow Traders U.S. LLC acquired a new stake in Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter worth approximately $207,000. Finally, Bank of Montreal Can bought a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the 4th quarter worth $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.