Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Declares Dividend Increase – $0.01 Per Share

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) declared a monthly dividend on Tuesday, March 31st. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.007 per share by the exchange traded fund on Wednesday, April 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, April 1st. This is a 9.4% increase from Invesco CurrencyShares Canadian Dollar Trust’s previous monthly dividend of $0.0064.

Invesco CurrencyShares Canadian Dollar Trust Trading Up 0.0%

NYSEARCA:FXC opened at $70.24 on Wednesday. The stock has a 50-day moving average price of $71.44 and a 200 day moving average price of $70.66. Invesco CurrencyShares Canadian Dollar Trust has a 12-month low of $67.86 and a 12-month high of $72.47.

Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust

A number of institutional investors have recently added to or reduced their stakes in FXC. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 45.0% in the first quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock worth $49,000 after buying an additional 225 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Invesco CurrencyShares Canadian Dollar Trust during the third quarter worth $204,000. Fiduciary Financial Group LLC grew its stake in Invesco CurrencyShares Canadian Dollar Trust by 5.1% during the third quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock valued at $237,000 after acquiring an additional 164 shares in the last quarter. MAI Capital Management increased its holdings in Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% in the 3rd quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock valued at $250,000 after acquiring an additional 3,550 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Invesco CurrencyShares Canadian Dollar Trust by 54.7% in the 2nd quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after acquiring an additional 2,366 shares during the last quarter.

About Invesco CurrencyShares Canadian Dollar Trust

Guggenheim CurrencyShares Canadian Dollar Trust, formerly CurrencyShares Canadian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Canadian dollars and distributes Canadian dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Canadian Dollars. The Bank of New York Mellon serves as the Trustee. The Trust’s sponsor is Rydex Specialized Products LLC, which is doing business as Rydex Investments.