Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $128.69 and traded as high as $128.93. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $128.90, with a volume of 5,710 shares.
Invesco CurrencyShares British Pound Sterling Trust Stock Up 0.2%
The stock’s fifty day simple moving average is $128.69 and its two-hundred day simple moving average is $129.13.
Institutional Trading of Invesco CurrencyShares British Pound Sterling Trust
An institutional investor recently raised its stake in Invesco CurrencyShares British Pound Sterling Trust stock. Royal Bank of Canada lifted its holdings in Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB – Free Report) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,046 shares of the exchange traded fund’s stock after purchasing an additional 325 shares during the quarter. Royal Bank of Canada owned 0.78% of Invesco CurrencyShares British Pound Sterling Trust worth $643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Invesco CurrencyShares British Pound Sterling Trust Company Profile
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.
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