Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Stock Price Pass Above 200-Day Moving Average – Here’s Why

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $69.02 and traded as high as $71.33. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.24, with a volume of 18,169 shares.

Invesco CurrencyShares Canadian Dollar Trust Trading Down 0.2%

The stock’s fifty day moving average price is $70.15 and its 200-day moving average price is $69.02.

Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust

A number of large investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new position in shares of Invesco CurrencyShares Canadian Dollar Trust during the 4th quarter worth about $4,968,000. Royal Bank of Canada increased its stake in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% during the first quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock valued at $4,075,000 after acquiring an additional 59,230 shares during the period. Susquehanna International Group LLP raised its holdings in Invesco CurrencyShares Canadian Dollar Trust by 71.4% in the 4th quarter. Susquehanna International Group LLP now owns 32,912 shares of the exchange traded fund’s stock valued at $2,239,000 after acquiring an additional 13,712 shares in the last quarter. Jane Street Group LLC raised its holdings in Invesco CurrencyShares Canadian Dollar Trust by 66.7% in the 4th quarter. Jane Street Group LLC now owns 23,280 shares of the exchange traded fund’s stock valued at $1,584,000 after acquiring an additional 9,316 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust in the 1st quarter worth approximately $136,000.

About Invesco CurrencyShares Canadian Dollar Trust

Guggenheim CurrencyShares Canadian Dollar Trust, formerly CurrencyShares Canadian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Canadian dollars and distributes Canadian dollars in connection with the redemption of Baskets.