Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Shares Pass Above 200-Day Moving Average – Here’s Why

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $65.73 and traded as high as $70.06. Invesco CurrencyShares Australian Dollar Trust shares last traded at $69.74, with a volume of 26,444 shares changing hands.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

The firm has a 50-day moving average price of $67.51 and a two-hundred day moving average price of $65.73.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.0549 per share. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a yield of 0.9%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FXA. Unconventional Investor LLC acquired a new stake in Invesco CurrencyShares Australian Dollar Trust during the 2nd quarter worth $509,000. Haven Private LLC purchased a new position in shares of Invesco CurrencyShares Australian Dollar Trust during the second quarter worth about $605,000. Bank of Montreal Can acquired a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the second quarter worth about $369,000. Cresset Asset Management LLC lifted its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 2.8% in the 2nd quarter. Cresset Asset Management LLC now owns 78,833 shares of the exchange traded fund’s stock valued at $5,141,000 after purchasing an additional 2,182 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter valued at about $33,000.

Invesco CurrencyShares Australian Dollar Trust Company Profile

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.