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

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $127.45 and traded as high as $128.77. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $128.64, with a volume of 4,071 shares changing hands.

Invesco CurrencyShares British Pound Sterling Trust Price Performance

The stock’s 50-day moving average price is $127.45 and its two-hundred day moving average price is $128.95.

Hedge Funds Weigh In On Invesco CurrencyShares British Pound Sterling Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC purchased a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust in the third quarter worth $207,000. Focus Partners Wealth grew its position in Invesco CurrencyShares British Pound Sterling Trust by 195.2% during the 3rd quarter. Focus Partners Wealth now owns 8,649 shares of the exchange traded fund’s stock valued at $1,119,000 after purchasing an additional 5,719 shares during the last quarter. NewSquare Capital LLC bought a new stake in Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter valued at about $2,048,000. Cibc World Market Inc. raised its holdings in Invesco CurrencyShares British Pound Sterling Trust by 6.3% in the third quarter. Cibc World Market Inc. now owns 6,450 shares of the exchange traded fund’s stock worth $835,000 after buying an additional 380 shares during the last quarter. Finally, West Paces Advisors Inc. raised its holdings in Invesco CurrencyShares British Pound Sterling Trust by 25.5% in the third quarter. West Paces Advisors Inc. now owns 3,892 shares of the exchange traded fund’s stock worth $504,000 after buying an additional 792 shares during the last quarter.

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. The investment objective of the Trust is for the Shares to reflect the price of British Pound Sterling plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the British Pound Sterling through an investment in securities.