Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Stock Pass Above 50-Day Moving Average of $109.60

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXBGet Rating)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $109.60 and traded as high as $116.13. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $115.98, with a volume of 28,043 shares traded.

Invesco CurrencyShares British Pound Sterling Trust Trading Up 1.4 %

The company has a 50-day moving average of $109.60 and a 200 day moving average of $113.90.

Hedge Funds Weigh In On Invesco CurrencyShares British Pound Sterling Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC bought a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter worth approximately $1,245,000. Commonwealth Equity Services LLC bought a new position in Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter valued at $301,000. Elmwood Wealth Management Inc. bought a new position in Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter valued at $215,000. Royal Bank of Canada raised its position in Invesco CurrencyShares British Pound Sterling Trust by 417.5% in the 3rd quarter. Royal Bank of Canada now owns 1,035 shares of the exchange traded fund’s stock valued at $111,000 after purchasing an additional 835 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. bought a new position in Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter valued at $104,000.

Invesco CurrencyShares British Pound Sterling Trust Company Profile

(Get Rating)

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.

Further Reading

Receive News & Ratings for Invesco CurrencyShares British Pound Sterling Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco CurrencyShares British Pound Sterling Trust and related companies with MarketBeat.com's FREE daily email newsletter.