Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Cross Above 50-Day Moving Average – Time to Sell?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $129.85 and traded as high as $131.36. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $130.93, with a volume of 10,264 shares traded.

Invesco CurrencyShares British Pound Sterling Trust Trading Down 0.0%

The company has a 50 day moving average price of $129.85 and a 200 day moving average price of $128.94.

Invesco CurrencyShares British Pound Sterling Trust Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were issued a $0.2275 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Investors Weigh In On Invesco CurrencyShares British Pound Sterling Trust

A number of hedge funds and other institutional investors have recently modified their holdings of FXB. Jane Street Group LLC grew its stake in Invesco CurrencyShares British Pound Sterling Trust by 578.2% in the 2nd quarter. Jane Street Group LLC now owns 23,737 shares of the exchange traded fund’s stock worth $3,137,000 after acquiring an additional 20,237 shares during the period. NewSquare Capital LLC acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter valued at approximately $2,048,000. Focus Partners Wealth lifted its position 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 purchasing an additional 5,719 shares during the last quarter. Haven Private LLC acquired a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth $591,000. Finally, Bank of Montreal Can acquired a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter worth approximately $560,000.

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.