Pekin Hardy Strauss Inc. Acquires 30,230 Shares of Invesco CurrencyShares Japanese Yen Trust $FXY

Pekin Hardy Strauss Inc. lifted its stake in Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) by 95.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,874 shares of the exchange traded fund’s stock after purchasing an additional 30,230 shares during the quarter. Pekin Hardy Strauss Inc. owned about 0.51% of Invesco CurrencyShares Japanese Yen Trust worth $3,956,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the second quarter worth approximately $1,460,000. Haven Private LLC acquired a new stake in Invesco CurrencyShares Japanese Yen Trust in the second quarter worth about $926,000. 3EDGE Asset Management LP increased its stake in Invesco CurrencyShares Japanese Yen Trust by 94.6% during the 2nd quarter. 3EDGE Asset Management LP now owns 19,293 shares of the exchange traded fund’s stock valued at $1,234,000 after purchasing an additional 9,377 shares in the last quarter. MGO One Seven LLC lifted its position in Invesco CurrencyShares Japanese Yen Trust by 265.4% during the 2nd quarter. MGO One Seven LLC now owns 28,951 shares of the exchange traded fund’s stock worth $1,851,000 after acquiring an additional 21,028 shares during the period. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of Invesco CurrencyShares Japanese Yen Trust during the second quarter worth about $497,000.

Invesco CurrencyShares Japanese Yen Trust Price Performance

NYSEARCA:FXY opened at $60.11 on Friday. The company’s fifty day moving average price is $61.37 and its 200-day moving average price is $62.59. The firm has a market capitalization of $492.90 million, a P/E ratio of -117.92 and a beta of 0.19. Invesco CurrencyShares Japanese Yen Trust has a 1-year low of $58.25 and a 1-year high of $65.64.

About Invesco CurrencyShares Japanese Yen Trust

Guggenheim CurrencyShares Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Japanese Yen plus accrued interest, if any, less the expenses of the Trust’s operations.