Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Share Price Pass Above Fifty Day Moving Average – Here’s Why

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $128.50 and traded as high as $130.07. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $129.73, with a volume of 1,235 shares changing hands.

Invesco CurrencyShares British Pound Sterling Trust Price Performance

The stock has a 50 day moving average of $128.50 and a 200-day moving average of $129.21.

Invesco CurrencyShares British Pound Sterling Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, August 3rd were issued a $0.2262 dividend. This is a boost from Invesco CurrencyShares British Pound Sterling Trust’s previous monthly dividend of $0.22. 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, August 3rd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC lifted its holdings in shares of Invesco CurrencyShares British Pound Sterling Trust by 578.2% during the second quarter. Jane Street Group LLC now owns 23,737 shares of the exchange traded fund’s stock worth $3,137,000 after purchasing an additional 20,237 shares during the period. Focus Partners Wealth increased its holdings in Invesco CurrencyShares British Pound Sterling Trust by 195.2% in the 3rd quarter. Focus Partners Wealth now owns 8,649 shares of the exchange traded fund’s stock worth $1,119,000 after buying an additional 5,719 shares during the period. Royal Bank of Canada increased its holdings in Invesco CurrencyShares British Pound Sterling Trust by 6.9% in the 1st quarter. Royal Bank of Canada now owns 5,046 shares of the exchange traded fund’s stock worth $643,000 after buying an additional 325 shares during the period. Klingenstein Fields & Co. LP raised its position 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 buying an additional 800 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Invesco CurrencyShares British Pound Sterling Trust by 57.1% during the 2nd quarter. Bank of America Corp DE now owns 3,760 shares of the exchange traded fund’s stock worth $497,000 after buying an additional 1,367 shares during the last quarter.

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.