Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Share Price Cross Above 200 Day Moving Average – Here’s Why

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $70.50 and traded as high as $70.88. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $70.66, with a volume of 58,369 shares changing hands.

Invesco CurrencyShares Canadian Dollar Trust Price Performance

The company’s 50-day moving average is $70.46 and its two-hundred day moving average is $70.50.

Invesco CurrencyShares Canadian Dollar Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, January 8th. Stockholders of record on Friday, January 2nd were issued a $0.0071 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, January 2nd.

Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Several institutional investors have recently bought and sold shares of FXC. Royal Bank of Canada lifted its stake in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% during the 1st quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock valued at $4,075,000 after acquiring an additional 59,230 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 45.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 225 shares in the last quarter. Haven Private LLC purchased a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust in the second quarter valued at about $610,000. Bank of America Corp DE lifted its position in shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% during the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after purchasing an additional 2,366 shares in the last quarter. Finally, Fiduciary Financial Group LLC boosted its holdings in Invesco CurrencyShares Canadian Dollar Trust by 5.1% during the third quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock worth $237,000 after purchasing an additional 164 shares during the last quarter.

About Invesco CurrencyShares Canadian Dollar Trust

Guggenheim CurrencyShares Canadian Dollar Trust, formerly CurrencyShares Canadian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Canadian dollars and distributes Canadian dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Canadian Dollars. The Bank of New York Mellon serves as the Trustee. The Trust’s sponsor is Rydex Specialized Products LLC, which is doing business as Rydex Investments.