Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $129.04 and traded as high as $130.65. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $130.22, with a volume of 7,709 shares traded.

Invesco CurrencyShares British Pound Sterling Trust Price Performance

The stock’s fifty day moving average is $129.04 and its two-hundred day moving average is $129.14.

Institutional Trading of Invesco CurrencyShares British Pound Sterling Trust

Several hedge funds have recently added to or reduced their stakes in FXB. Jane Street Group LLC increased 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 valued at $3,137,000 after purchasing an additional 20,237 shares during the period. Focus Partners Wealth increased its stake in Invesco CurrencyShares British Pound Sterling Trust by 195.2% during the 3rd quarter. Focus Partners Wealth now owns 8,649 shares of the exchange traded fund’s stock valued at $1,119,000 after buying an additional 5,719 shares during the period. Royal Bank of Canada raised its position in shares of Invesco CurrencyShares British Pound Sterling Trust by 6.9% during 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 in the last quarter. Klingenstein Fields & Co. LP lifted its stake in shares of Invesco CurrencyShares British Pound Sterling Trust by 20.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,800 shares of the exchange traded fund’s stock worth $623,000 after acquiring an additional 800 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Invesco CurrencyShares British Pound Sterling Trust by 57.1% in the second quarter. Bank of America Corp DE now owns 3,760 shares of the exchange traded fund’s stock valued at $497,000 after acquiring an additional 1,367 shares in 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.