Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Share Price Cross Above 50-Day Moving Average – Should You Sell?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $127.57 and traded as high as $128.30. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $128.25, with a volume of 14,538 shares.

Invesco CurrencyShares British Pound Sterling Trust Stock Performance

The business has a fifty day moving average of $127.57 and a two-hundred day moving average of $129.04.

Hedge Funds Weigh In On Invesco CurrencyShares British Pound Sterling Trust

Several institutional investors and hedge funds have recently made changes to their positions in FXB. JPMorgan Chase & Co. bought a new position in Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth about $52,000. Raymond James Financial Inc. acquired a new stake in Invesco CurrencyShares British Pound Sterling Trust in the second quarter valued at approximately $119,000. Tortoise Investment Management LLC acquired a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter valued at $204,000. Flow Traders U.S. LLC bought a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the third quarter worth about $207,000. Finally, Cresset Asset Management LLC acquired a new position in Invesco CurrencyShares British Pound Sterling Trust in the 2nd quarter valued at approximately $264,000.

Invesco CurrencyShares British Pound Sterling Trust Company Profile

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.