Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $70.02 and traded as high as $70.64. Invesco CurrencyShares Australian Dollar Trust shares last traded at $70.54, with a volume of 6,584 shares changing hands.

Invesco CurrencyShares Australian Dollar Trust Stock Down 1.0%

The business has a fifty day moving average of $70.22 and a two-hundred day moving average of $70.02.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in Invesco CurrencyShares Australian Dollar Trust by 746.8% in the 1st quarter. Bank of America Corp DE now owns 6,859 shares of the exchange traded fund’s stock valued at $469,000 after buying an additional 6,049 shares during the period. Graney & King LLC purchased a new position in Invesco CurrencyShares Australian Dollar Trust during the first quarter worth about $125,000. Royal Bank of Canada boosted its stake in Invesco CurrencyShares Australian Dollar Trust by 1.6% during the first quarter. Royal Bank of Canada now owns 9,253 shares of the exchange traded fund’s stock worth $633,000 after buying an additional 147 shares during the period. PFG Investments LLC acquired a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the first quarter valued at about $515,000. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the fourth quarter valued at about $359,000.

Invesco CurrencyShares Australian Dollar Trust Company Profile

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.