Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Price Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $69.85 and traded as high as $70.35. Invesco CurrencyShares Australian Dollar Trust shares last traded at $70.17, with a volume of 4,409 shares changing hands.

Invesco CurrencyShares Australian Dollar Trust Trading Down 0.1%

The company has a 50-day moving average of $69.27 and a 200 day moving average of $69.85.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 7th. Investors of record on Monday, August 3rd were given a dividend of $0.0914 per share. This is an increase from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.09. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%.

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

Institutional investors have recently added to or reduced their stakes in the company. Cibc World Market Inc. grew its stake in Invesco CurrencyShares Australian Dollar Trust by 427.3% during the fourth quarter. Cibc World Market Inc. now owns 93,337 shares of the exchange traded fund’s stock worth $6,170,000 after buying an additional 75,637 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 156.0% in the second quarter. Jane Street Group LLC now owns 39,451 shares of the exchange traded fund’s stock valued at $2,573,000 after acquiring an additional 24,043 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 1.6% in 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. PFG Investments LLC bought a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the first quarter worth $515,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the third quarter worth $487,000.

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.