Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA – Get Free Report)’s stock price dropped 0.4% on Friday. The company traded as low as $67.04 and last traded at $67.07. 10,592 shares were traded during trading, a decline of 34% from the average daily volume of 15,975 shares. The stock had previously closed at $67.37.
Invesco CurrencyShares Australian Dollar Trust Stock Down 0.4%
The firm’s fifty day moving average price is $69.44 and its 200-day moving average price is $69.82.
Institutional Investors Weigh In On Invesco CurrencyShares Australian Dollar Trust
Institutional investors have recently added to or reduced their stakes in the company. Graney & King LLC bought a new stake in Invesco CurrencyShares Australian Dollar Trust in the 1st quarter worth $125,000. Bank of America Corp DE raised its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 746.8% during the first quarter. Bank of America Corp DE now owns 6,859 shares of the exchange traded fund’s stock valued at $469,000 after acquiring an additional 6,049 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 1.6% during the first quarter. Royal Bank of Canada now owns 9,253 shares of the exchange traded fund’s stock valued at $633,000 after acquiring an additional 147 shares during the last quarter.
Invesco CurrencyShares Australian Dollar Trust Company Profile
Guggenheim CurrencyShares Australian Dollar Trust, formerly The CurrencyShares Australian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Australian Dollars and distributes Australian Dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Australian Dollars plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are intended to offer investors an opportunity to participate in the market for the Australian Dollar through an investment in securities.
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