Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $129.24 and traded as low as $126.41. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $126.58, with a volume of 4,478 shares changing hands.

Invesco CurrencyShares British Pound Sterling Trust Price Performance

The firm’s 50-day moving average is $129.10 and its 200-day moving average is $129.30.

Invesco CurrencyShares British Pound Sterling Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, June 1st were given a dividend of $0.226 per share. This is a boost from Invesco CurrencyShares British Pound Sterling Trust’s previous monthly dividend of $0.22. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 2.1%.

Hedge Funds Weigh In On Invesco CurrencyShares British Pound Sterling Trust

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in Invesco CurrencyShares British Pound Sterling Trust during the second quarter valued at approximately $52,000. Cresset Asset Management LLC bought a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter valued at $264,000. Raymond James Financial Inc. purchased a new position in Invesco CurrencyShares British Pound Sterling Trust in the 2nd quarter worth $119,000. Jane Street Group LLC lifted its stake in Invesco CurrencyShares British Pound Sterling Trust by 578.2% in the second quarter. Jane Street Group LLC now owns 23,737 shares of the exchange traded fund’s stock worth $3,137,000 after purchasing an additional 20,237 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in 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 purchasing an additional 1,367 shares during the last quarter.

Invesco CurrencyShares British Pound Sterling Trust Company Profile

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.