Royal Bank of Canada grew its stake in Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY – Free Report) by 111.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,358 shares of the exchange traded fund’s stock after purchasing an additional 18,630 shares during the quarter. Royal Bank of Canada owned approximately 0.47% of Invesco CurrencyShares Japanese Yen Trust worth $2,047,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp purchased a new position in Invesco CurrencyShares Japanese Yen Trust in the 1st quarter valued at about $32,000. International Assets Investment Management LLC purchased a new stake in Invesco CurrencyShares Japanese Yen Trust during the 4th quarter worth approximately $45,000. BNP Paribas Financial Markets acquired a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the third quarter valued at approximately $81,000. Comerica Bank acquired a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the first quarter valued at approximately $96,000. Finally, Markin Asset Management LP purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the fourth quarter valued at approximately $217,000.
Invesco CurrencyShares Japanese Yen Trust Price Performance
NYSEARCA FXY opened at $57.53 on Tuesday. The stock’s 50 day simple moving average is $56.95 and its 200-day simple moving average is $57.75. The company has a market cap of $445.86 million, a PE ratio of -117.92 and a beta of 0.19. Invesco CurrencyShares Japanese Yen Trust has a 1-year low of $55.96 and a 1-year high of $63.26.
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. The Trust holds Japanese Yen and, from time to time, issues Baskets in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with redemptions of Baskets.
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