Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Stock Price Cross Below 200 Day Moving Average – Should You Sell?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $129.24 and traded as low as $128.46. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $128.70, with a volume of 98,547 shares traded.

Invesco CurrencyShares British Pound Sterling Trust Stock Performance

The company’s 50-day moving average price is $128.55 and its 200-day moving average price is $129.24.

Invesco CurrencyShares British Pound Sterling Trust Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were paid a dividend of $0.2154 per share. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Investors Weigh In On Invesco CurrencyShares British Pound Sterling Trust

A number of hedge funds have recently added to or reduced their stakes in FXB. Royal Bank of Canada raised its stake in shares of Invesco CurrencyShares British Pound Sterling Trust by 6.9% in the first quarter. Royal Bank of Canada now owns 5,046 shares of the exchange traded fund’s stock valued at $643,000 after acquiring an additional 325 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Invesco CurrencyShares British Pound Sterling Trust in the second quarter valued at $52,000. Dunhill Financial LLC grew its stake in Invesco CurrencyShares British Pound Sterling Trust by 225.0% during the 4th quarter. Dunhill Financial LLC now owns 585 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 405 shares in the last quarter. Klingenstein Fields & Co. LP grew its stake in Invesco CurrencyShares British Pound Sterling Trust by 20.0% during the 4th quarter. Klingenstein Fields & Co. LP now owns 4,800 shares of the exchange traded fund’s stock worth $623,000 after purchasing an additional 800 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Invesco CurrencyShares British Pound Sterling Trust by 30.8% during the 1st quarter. Bank of America Corp DE now owns 3,542 shares of the exchange traded fund’s stock worth $451,000 after purchasing an additional 835 shares during the period.

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.