Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $69.78 and traded as high as $69.94. Invesco CurrencyShares Australian Dollar Trust shares last traded at $69.83, with a volume of 19,409 shares trading hands.

Invesco CurrencyShares Australian Dollar Trust Trading Up 0.0%

The stock has a fifty day moving average price of $69.24 and a 200-day moving average price of $69.80.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

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

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Invesco CurrencyShares Australian Dollar Trust during the 2nd quarter worth $33,000. Jane Street Group LLC boosted its position 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 worth $2,573,000 after buying an additional 24,043 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Invesco CurrencyShares Australian Dollar Trust by 246.0% in the second quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 615 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the third quarter worth about $203,000. Finally, Bank of America Corp DE grew its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 147.0% in the third quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 522 shares in the last quarter.

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.