Shares of Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $70.17 and traded as high as $70.73. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $70.48, with a volume of 29,090 shares trading hands.
Invesco CurrencyShares Canadian Dollar Trust Trading Down 0.3%
The firm’s fifty day moving average is $71.21 and its 200-day moving average is $70.17.
Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust
Several institutional investors have recently added to or reduced their stakes in FXC. Geneos Wealth Management Inc. increased its position in Invesco CurrencyShares Canadian Dollar Trust by 45.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock valued at $49,000 after acquiring an additional 225 shares in the last quarter. Center for Financial Planning Inc. acquired a new stake in Invesco CurrencyShares Canadian Dollar Trust in the 1st quarter valued at about $50,000. Ancora Advisors LLC acquired a new stake in Invesco CurrencyShares Canadian Dollar Trust in the 1st quarter valued at about $136,000. Bank of America Corp DE increased its position in Invesco CurrencyShares Canadian Dollar Trust by 54.7% in the 2nd quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after acquiring an additional 2,366 shares in the last quarter. Finally, Haven Private LLC acquired a new stake in Invesco CurrencyShares Canadian Dollar Trust in the 2nd quarter valued at about $610,000.
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.
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