Cresset Asset Management LLC Raises Stock Position in Invesco CurrencyShares Australian Dollar Trust $FXA

Cresset Asset Management LLC grew its holdings in shares of Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) by 10.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,245 shares of the exchange traded fund’s stock after buying an additional 8,412 shares during the quarter. Cresset Asset Management LLC owned 7.59% of Invesco CurrencyShares Australian Dollar Trust worth $5,717,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Invesco CurrencyShares Australian Dollar Trust in the second quarter worth about $33,000. Geneos Wealth Management Inc. raised its position in Invesco CurrencyShares Australian Dollar Trust by 246.0% during the second quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 615 shares during the period. Clearstead Advisors LLC bought a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the 3rd quarter valued at approximately $83,000. Envestnet Asset Management Inc. purchased a new position in shares of Invesco CurrencyShares Australian Dollar Trust in the 3rd quarter worth approximately $203,000. Finally, MAI Capital Management bought a new position in shares of Invesco CurrencyShares Australian Dollar Trust during the 3rd quarter valued at approximately $323,000.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

NYSEARCA:FXA opened at $69.54 on Friday. The stock’s fifty day moving average is $68.48 and its 200 day moving average is $66.19. Invesco CurrencyShares Australian Dollar Trust has a fifty-two week low of $58.90 and a fifty-two week high of $70.71.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid a $0.0604 dividend. This is an increase from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, March 2nd.

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.