Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Share Price Cross Above 200-Day Moving Average – What’s Next?

Shares of Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $62.70 and traded as high as $65.02. Invesco CurrencyShares Australian Dollar Trust shares last traded at $64.89, with a volume of 46,148 shares.

Invesco CurrencyShares Australian Dollar Trust Trading Up 0.6%

The stock has a fifty day simple moving average of $63.93 and a 200 day simple moving average of $62.70.

Institutional Investors Weigh In On Invesco CurrencyShares Australian Dollar Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the fourth quarter worth about $5,100,000. Cresset Asset Management LLC raised its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 7.9% during the 1st quarter. Cresset Asset Management LLC now owns 76,651 shares of the exchange traded fund’s stock worth $4,746,000 after acquiring an additional 5,589 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 15.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 6,792 shares of the exchange traded fund’s stock worth $417,000 after acquiring an additional 898 shares in the last quarter.

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.