Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Share Price Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $71.00 and traded as low as $68.91. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $69.07, with a volume of 117,886 shares trading hands.

Invesco CurrencyShares Canadian Dollar Trust Stock Performance

The stock’s fifty day moving average price is $70.71 and its two-hundred day moving average price is $70.98.

Invesco CurrencyShares Canadian Dollar Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, June 1st were issued a $0.007 dividend. This is an increase from Invesco CurrencyShares Canadian Dollar Trust’s previous monthly dividend of $0.01. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 0.1%.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% in the first quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock valued at $4,075,000 after acquiring an additional 59,230 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 17.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock valued at $2,442,000 after purchasing an additional 5,176 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 163.1% during the 3rd quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock valued at $1,557,000 after purchasing an additional 13,741 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Invesco CurrencyShares Canadian Dollar Trust during the fourth quarter valued at about $854,000. Finally, Bank of America Corp DE increased its position in shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% during the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after buying an additional 2,366 shares during the period.

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.