Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Cross Above 200-Day Moving Average – Time to Sell?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $68.05 and traded as high as $71.05. Invesco CurrencyShares Australian Dollar Trust shares last traded at $71.03, with a volume of 16,212 shares changing hands.

Invesco CurrencyShares Australian Dollar Trust Price Performance

The firm’s fifty day simple moving average is $70.20 and its 200 day simple moving average is $68.05.

Invesco CurrencyShares Australian Dollar Trust Announces Dividend

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

Institutional Investors Weigh In On Invesco CurrencyShares Australian Dollar Trust

Hedge funds have recently added to or reduced their stakes in the business. Cresset Asset Management LLC boosted its holdings in Invesco CurrencyShares Australian Dollar Trust by 10.7% in the third quarter. Cresset Asset Management LLC now owns 87,245 shares of the exchange traded fund’s stock valued at $5,717,000 after purchasing an additional 8,412 shares during the last quarter. MAI Capital Management purchased a new stake in Invesco CurrencyShares Australian Dollar Trust in the third quarter valued at $323,000. Clearstead Advisors LLC purchased a new stake in Invesco CurrencyShares Australian Dollar Trust in the third quarter valued at $83,000. Haven Private LLC boosted its holdings in Invesco CurrencyShares Australian Dollar Trust by 1.8% in the third quarter. Haven Private LLC now owns 9,447 shares of the exchange traded fund’s stock valued at $619,000 after purchasing an additional 169 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in 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 purchasing an additional 147 shares during the last quarter.

Invesco CurrencyShares Australian Dollar Trust Company Profile

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.