Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB – Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $123.71 and traded as high as $127.66. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $127.61, with a volume of 27,952 shares traded.
Invesco CurrencyShares British Pound Sterling Trust Price Performance
The firm’s 50-day moving average is $123.71 and its 200-day moving average is $122.44.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of FXB. Ashton Thomas Private Wealth LLC purchased a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the fourth quarter valued at approximately $5,136,000. Capasso Planning Partners LLC purchased a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the third quarter valued at about $767,000. Jane Street Group LLC raised its stake in Invesco CurrencyShares British Pound Sterling Trust by 28.8% in the fourth quarter. Jane Street Group LLC now owns 25,544 shares of the exchange traded fund’s stock worth $3,079,000 after buying an additional 5,706 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in Invesco CurrencyShares British Pound Sterling Trust in the fourth quarter worth about $356,000. Finally, HighTower Advisors LLC bought a new stake in Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter valued at approximately $217,000.
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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