Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB – Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $129.47 and traded as low as $129.13. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $129.53, with a volume of 50,257 shares traded.
Invesco CurrencyShares British Pound Sterling Trust Stock Down 0.0%
The company has a 50-day moving average price of $129.47 and a two-hundred day moving average price of $128.78.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust in the second quarter worth about $52,000. Raymond James Financial Inc. acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust in the second quarter worth about $119,000. Bank of America Corp DE lifted its stake 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 worth $497,000 after acquiring an additional 1,367 shares in the last quarter. Tortoise Investment Management LLC acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust in the second quarter worth about $204,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust in the second quarter worth about $264,000.
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.
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