Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Price Pass Above Two Hundred Day Moving Average – Time to Sell?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $67.71 and traded as high as $71.76. Invesco CurrencyShares Australian Dollar Trust shares last traded at $71.75, with a volume of 11,666 shares trading hands.

Invesco CurrencyShares Australian Dollar Trust Price Performance

The firm has a 50-day moving average price of $70.01 and a 200 day moving average price of $67.71.

Invesco CurrencyShares Australian Dollar Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were given a $0.0786 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 1.3%.

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Invesco CurrencyShares Australian Dollar Trust in the second quarter valued at approximately $33,000. Geneos Wealth Management Inc. boosted its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 246.0% in the second quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 615 shares during the period. Bank of America Corp DE boosted its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 147.0% in the third quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 522 shares during the period. Clearstead Advisors LLC bought a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the third quarter valued at approximately $83,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the third quarter valued at approximately $203,000.

About Invesco CurrencyShares Australian Dollar Trust

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.