Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Cross Above Fifty Day Moving Average – Here’s Why

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $129.26 and traded as high as $129.28. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $128.96, with a volume of 1,802 shares traded.

Invesco CurrencyShares British Pound Sterling Trust Stock Performance

The stock’s 50 day moving average price is $129.26 and its two-hundred day moving average price is $129.20.

Invesco CurrencyShares British Pound Sterling Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.226 per share. This is a positive change from Invesco CurrencyShares British Pound Sterling Trust’s previous monthly dividend of $0.22. The ex-dividend date of this dividend is Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC grew its holdings in shares of Invesco CurrencyShares British Pound Sterling Trust by 578.2% during the second quarter. Jane Street Group LLC now owns 23,737 shares of the exchange traded fund’s stock worth $3,137,000 after buying an additional 20,237 shares in the last quarter. NewSquare Capital LLC purchased a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the third quarter worth about $2,048,000. Focus Partners Wealth grew its holdings in shares of Invesco CurrencyShares British Pound Sterling Trust by 195.2% during the third quarter. Focus Partners Wealth now owns 8,649 shares of the exchange traded fund’s stock worth $1,119,000 after buying an additional 5,719 shares in the last quarter. Cibc World Market Inc. grew its holdings in shares of Invesco CurrencyShares British Pound Sterling Trust by 6.3% during the third quarter. Cibc World Market Inc. now owns 6,450 shares of the exchange traded fund’s stock worth $835,000 after buying an additional 380 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Invesco CurrencyShares British Pound Sterling Trust by 6.9% during the first quarter. Royal Bank of Canada now owns 5,046 shares of the exchange traded fund’s stock worth $643,000 after buying an additional 325 shares in the last quarter.

About Invesco CurrencyShares British Pound Sterling Trust

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.