DAVENPORT & Co LLC Decreases Stake in Invesco CurrencyShares Japanese Yen Trust $FXY

DAVENPORT & Co LLC decreased its holdings in shares of Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) by 98.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,300 shares of the exchange traded fund’s stock after selling 1,586,700 shares during the quarter. DAVENPORT & Co LLC owned about 0.27% of Invesco CurrencyShares Japanese Yen Trust worth $1,387,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Comerica Bank purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the first quarter worth about $96,000. Federation des caisses Desjardins du Quebec lifted its stake in Invesco CurrencyShares Japanese Yen Trust by 34.2% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 1,018,666 shares of the exchange traded fund’s stock worth $62,648,000 after purchasing an additional 259,826 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Invesco CurrencyShares Japanese Yen Trust by 33.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,847 shares of the exchange traded fund’s stock worth $4,111,000 after purchasing an additional 16,847 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the 1st quarter worth approximately $1,503,000. Finally, HBW Advisory Services LLC grew its position in shares of Invesco CurrencyShares Japanese Yen Trust by 8.2% in the second quarter. HBW Advisory Services LLC now owns 19,752 shares of the exchange traded fund’s stock valued at $1,263,000 after purchasing an additional 1,498 shares in the last quarter.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

NYSEARCA:FXY opened at $58.74 on Monday. Invesco CurrencyShares Japanese Yen Trust has a one year low of $58.23 and a one year high of $65.64. The stock has a market cap of $481.67 million, a PE ratio of -117.92 and a beta of 0.19. The stock has a 50 day moving average price of $59.36 and a 200 day moving average price of $61.33.

About Invesco CurrencyShares Japanese Yen Trust

Guggenheim CurrencyShares Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Japanese Yen plus accrued interest, if any, less the expenses of the Trust’s operations. The Trust holds Japanese Yen and, from time to time, issues Baskets in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with redemptions of Baskets.