Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Price Cross Above 200-Day Moving Average – What’s Next?

Shares of Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $65.48 and traded as high as $70.18. Invesco CurrencyShares Australian Dollar Trust shares last traded at $70.03, with a volume of 19,794 shares traded.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

The business’s 50 day simple moving average is $66.97 and its two-hundred day simple moving average is $65.48.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.0549 per share. The ex-dividend date was Monday, February 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.

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

Several institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Invesco CurrencyShares Australian Dollar Trust during the second quarter valued at approximately $33,000. Geneos Wealth Management Inc. grew its position in shares of 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 valued at $56,000 after acquiring an additional 615 shares during the period. Bank of America Corp DE grew its position in shares of 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 valued at $57,000 after acquiring an additional 522 shares during the period. Clearstead Advisors LLC purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the 3rd quarter worth $83,000. Finally, Envestnet Asset Management Inc. bought a new position in Invesco CurrencyShares Australian Dollar Trust in the 3rd quarter worth $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.