Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Pass Above 50 Day Moving Average – Time to Sell?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $127.91 and traded as high as $128.93. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $128.86, with a volume of 3,822 shares.

Invesco CurrencyShares British Pound Sterling Trust Stock Down 0.2%

The business has a fifty day simple moving average of $127.91 and a 200 day simple moving average of $128.92.

Invesco CurrencyShares British Pound Sterling Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, January 8th. Investors of record on Friday, January 2nd were given a dividend of $0.2389 per share. This is a positive change from Invesco CurrencyShares British Pound Sterling Trust’s previous monthly dividend of $0.24. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, January 2nd.

Institutional Trading of Invesco CurrencyShares British Pound Sterling Trust

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth approximately $52,000. Raymond James Financial Inc. bought a new position in Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter worth $119,000. Tortoise Investment Management LLC bought a new position in Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter worth $204,000. Flow Traders U.S. LLC acquired a new position in Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter valued at $207,000. Finally, Cresset Asset Management LLC bought a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter valued at $264,000.

About Invesco CurrencyShares British Pound Sterling Trust

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.