Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Stock Price Cross Below 200 Day Moving Average – Should You Sell?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $129.24 and traded as low as $128.46. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $128.70, with a volume of 98,547 shares traded.

Invesco CurrencyShares British Pound Sterling Trust Stock Performance

The stock’s 50 day moving average is $128.55 and its two-hundred day moving average is $129.24.

Invesco CurrencyShares British Pound Sterling Trust Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.2154 per share. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, July 1st.

Institutional Investors Weigh In On Invesco CurrencyShares British Pound Sterling Trust

A number of large investors have recently modified their holdings of FXB. Focus Partners Wealth lifted its position in shares of Invesco CurrencyShares British Pound Sterling Trust by 195.2% during the 3rd quarter. Focus Partners Wealth now owns 8,649 shares of the exchange traded fund’s stock worth $1,119,000 after purchasing an additional 5,719 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Invesco CurrencyShares British Pound Sterling Trust by 171.9% during the fourth quarter. Royal Bank of Canada now owns 4,721 shares of the exchange traded fund’s stock worth $613,000 after purchasing an additional 2,985 shares in the last quarter. Bank of America Corp DE increased its holdings 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 valued at $497,000 after buying an additional 1,367 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Invesco CurrencyShares British Pound Sterling Trust in the fourth quarter valued at $301,000. Finally, Cresset Asset Management LLC acquired a new stake in Invesco CurrencyShares British Pound Sterling Trust in the second quarter valued at $264,000.

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. 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.