Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $122.99 and traded as low as $121.49. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $121.52, with a volume of 5,898 shares changing hands.

Invesco CurrencyShares British Pound Sterling Trust Price Performance

The stock has a fifty day moving average price of $119.78 and a two-hundred day moving average price of $122.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FXB. International Assets Investment Management LLC boosted its position in Invesco CurrencyShares British Pound Sterling Trust by 33,946.7% during the 3rd quarter. International Assets Investment Management LLC now owns 25,535 shares of the exchange traded fund’s stock valued at $3,289,000 after purchasing an additional 25,460 shares during the period. Flow Traders U.S. LLC acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter valued at approximately $1,018,000. HighTower Advisors LLC acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter valued at approximately $217,000. Capasso Planning Partners LLC acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter valued at approximately $767,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the 4th quarter valued at approximately $5,136,000.

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.