Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Stock Price Pass Above Fifty Day Moving Average – Time to Sell?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $129.18 and traded as high as $129.41. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $129.17, with a volume of 8,864 shares.

Invesco CurrencyShares British Pound Sterling Trust Stock Down 0.1%

The firm has a fifty day moving average of $129.18 and a two-hundred day moving average of $129.09.

Invesco CurrencyShares British Pound Sterling Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were issued a $0.221 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a yield of 2.1%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FXB. JPMorgan Chase & Co. purchased a new position in Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter valued at about $52,000. Cresset Asset Management LLC purchased a new position in Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter valued at about $264,000. Raymond James Financial Inc. purchased a new position in Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter valued at about $119,000. Jane Street Group LLC grew its holdings in Invesco CurrencyShares British Pound Sterling Trust by 578.2% during the 2nd quarter. Jane Street Group LLC now owns 23,737 shares of the exchange traded fund’s stock valued at $3,137,000 after buying an additional 20,237 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings 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 valued at $497,000 after buying 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.