Broussard Financial Group LLC raised its holdings in Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY – Free Report) by 22.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,008 shares of the exchange traded fund’s stock after buying an additional 18,414 shares during the quarter. Invesco CurrencyShares Japanese Yen Trust makes up approximately 4.6% of Broussard Financial Group LLC’s holdings, making the stock its 8th largest holding. Broussard Financial Group LLC’s holdings in Invesco CurrencyShares Japanese Yen Trust were worth $5,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of FXY. Newbridge Financial Services Group Inc. raised its stake in Invesco CurrencyShares Japanese Yen Trust by 50.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 300 shares during the period. Captrust Financial Advisors increased its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 1.6% during the 4th quarter. Captrust Financial Advisors now owns 30,622 shares of the exchange traded fund’s stock worth $1,797,000 after buying an additional 486 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 6.9% during the 4th quarter. CreativeOne Wealth LLC now owns 7,905 shares of the exchange traded fund’s stock worth $464,000 after buying an additional 512 shares during the last quarter. Creative Planning raised its position in shares of Invesco CurrencyShares Japanese Yen Trust by 9.4% in the 3rd quarter. Creative Planning now owns 7,881 shares of the exchange traded fund’s stock worth $490,000 after buying an additional 674 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the 4th quarter worth $45,000.
Invesco CurrencyShares Japanese Yen Trust Stock Performance
NYSEARCA FXY opened at $56.63 on Wednesday. The firm has a market capitalization of $430.39 million, a price-to-earnings ratio of -117.92 and a beta of 0.20. Invesco CurrencyShares Japanese Yen Trust has a one year low of $56.40 and a one year high of $63.26. The company’s 50 day moving average price is $57.43 and its 200 day moving average price is $58.07.
Invesco CurrencyShares Japanese Yen Trust Company Profile
Guggenheim CurrencyShares Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Japanese Yen plus accrued interest, if any, less the expenses of the Trust’s operations. The Trust holds Japanese Yen and, from time to time, issues Baskets in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with redemptions of Baskets.
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