Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Stock Pass Above 200 Day Moving Average – Should You Sell?

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $70.68 and traded as high as $71.65. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.58, with a volume of 19,561 shares trading hands.

Invesco CurrencyShares Canadian Dollar Trust Price Performance

The company has a 50 day simple moving average of $71.18 and a 200 day simple moving average of $70.70.

Invesco CurrencyShares Canadian Dollar Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, April 1st were given a $0.007 dividend. This represents a c) dividend on an annualized basis and a yield of 0.1%. This is an increase from Invesco CurrencyShares Canadian Dollar Trust’s previous monthly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, April 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FXC. Royal Bank of Canada grew its position in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% in the first quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock valued at $4,075,000 after purchasing an additional 59,230 shares in the last quarter. Geneos Wealth Management Inc. grew its position in 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 valued at $49,000 after purchasing an additional 225 shares in the last quarter. Bank of America Corp DE grew its position in Invesco CurrencyShares Canadian Dollar Trust by 54.7% in the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after purchasing an additional 2,366 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in Invesco CurrencyShares Canadian Dollar Trust in the third quarter valued at $204,000. Finally, MAI Capital Management raised its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% during the 3rd quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock worth $250,000 after purchasing an additional 3,550 shares in the last quarter.

Invesco CurrencyShares Canadian Dollar Trust Company Profile

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.