Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $70.53 and traded as high as $71.58. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.38, with a volume of 50,512 shares changing hands.

Invesco CurrencyShares Canadian Dollar Trust Trading Up 0.3%

The firm’s fifty day moving average is $70.95 and its 200 day moving average is $70.53.

Invesco CurrencyShares Canadian Dollar Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were paid a $0.0071 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% during the 1st quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock worth $4,075,000 after purchasing an additional 59,230 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in Invesco CurrencyShares Canadian Dollar Trust by 17.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock valued at $2,442,000 after acquiring an additional 5,176 shares in the last quarter. Virtu Financial LLC lifted its stake in Invesco CurrencyShares Canadian Dollar Trust by 163.1% in the third quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock valued at $1,557,000 after acquiring an additional 13,741 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Invesco CurrencyShares Canadian Dollar Trust in the fourth quarter worth approximately $854,000. Finally, Haven Private LLC acquired a new position in shares of Invesco CurrencyShares Canadian Dollar Trust during the 2nd quarter worth $610,000.

Invesco CurrencyShares Canadian Dollar Trust Company Profile

Guggenheim CurrencyShares Canadian Dollar Trust, formerly CurrencyShares Canadian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Canadian dollars and distributes Canadian dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Canadian Dollars. The Bank of New York Mellon serves as the Trustee. The Trust’s sponsor is Rydex Specialized Products LLC, which is doing business as Rydex Investments.