Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Stock Price Pass Below 50-Day Moving Average – Should You Sell?

Shares of Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $129.80 and traded as low as $129.34. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $129.38, with a volume of 6,938 shares.

Invesco CurrencyShares British Pound Sterling Trust Trading Down 0.2%

The stock has a fifty day moving average of $129.80 and a two-hundred day moving average of $126.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth $52,000. Raymond James Financial Inc. acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth $119,000. Bank of America Corp DE grew its holdings in Invesco CurrencyShares British Pound Sterling Trust by 57.1% during the second quarter. Bank of America Corp DE now owns 3,760 shares of the exchange traded fund’s stock worth $497,000 after acquiring an additional 1,367 shares during the period. Tortoise Investment Management LLC acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth $204,000. Finally, Cresset Asset Management LLC acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth $264,000.

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.