Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Share Price Pass Above 200 Day Moving Average – Here’s What Happened

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $64.96 and traded as high as $66.25. Invesco CurrencyShares Australian Dollar Trust shares last traded at $66.25, with a volume of 9,336 shares trading hands.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

The stock’s fifty day moving average is $65.33 and its 200-day moving average is $64.96.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were given a $0.0524 dividend. The ex-dividend date was Friday, January 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the second quarter worth about $33,000. Geneos Wealth Management Inc. increased its stake in Invesco CurrencyShares Australian Dollar Trust by 246.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 615 shares in the last quarter. Bank of America Corp DE raised its holdings in Invesco CurrencyShares Australian Dollar Trust by 147.0% during the 3rd quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock worth $57,000 after buying an additional 522 shares during the period. Clearstead Advisors LLC acquired a new stake in Invesco CurrencyShares Australian Dollar Trust during the 3rd quarter worth approximately $83,000. Finally, Envestnet Asset Management Inc. bought a new position in Invesco CurrencyShares Australian Dollar Trust in the third quarter valued at approximately $203,000.

About Invesco CurrencyShares Australian Dollar Trust

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. The investment objective of the Trust is for the Shares to reflect the price of Australian Dollars plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are intended to offer investors an opportunity to participate in the market for the Australian Dollar through an investment in securities.