Shares of Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $70.01 and traded as high as $71.07. Invesco CurrencyShares Australian Dollar Trust shares last traded at $71.02, with a volume of 2,304 shares.
Invesco CurrencyShares Australian Dollar Trust Stock Performance
The business’s 50 day simple moving average is $69.97 and its 200-day simple moving average is $70.01.
Institutional Trading of Invesco CurrencyShares Australian Dollar Trust
A number of institutional investors have recently bought and sold shares of FXA. Raymond James Financial Inc. acquired a new position in Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter worth about $33,000. Jane Street Group LLC raised its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 156.0% during the 2nd quarter. Jane Street Group LLC now owns 39,451 shares of the exchange traded fund’s stock worth $2,573,000 after purchasing an additional 24,043 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 246.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 615 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the 3rd quarter valued at about $203,000. Finally, Bank of America Corp DE increased its holdings in Invesco CurrencyShares Australian Dollar Trust by 147.0% in the third quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 522 shares during the last quarter.
About Invesco CurrencyShares Australian Dollar Trust
Guggenheim CurrencyShares Australian Dollar Trust, formerly The CurrencyShares Australian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Australian Dollars and distributes Australian Dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Australian Dollars plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are intended to offer investors an opportunity to participate in the market for the Australian Dollar through an investment in securities.
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