Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Stock Cross Above 200 Day Moving Average – What’s Next?

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $70.63 and traded as high as $72.14. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.96, with a volume of 50,225 shares traded.

Invesco CurrencyShares Canadian Dollar Trust Stock Performance

The business’s 50-day moving average price is $71.31 and its 200-day moving average price is $70.63.

Invesco CurrencyShares Canadian Dollar Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a dividend of $0.0064 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 0.1%.

Institutional Trading of Invesco CurrencyShares Canadian Dollar Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of FXC. Geneos Wealth Management Inc. raised its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 45.0% in the first quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock worth $49,000 after buying an additional 225 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Invesco CurrencyShares Canadian Dollar Trust during the 3rd quarter valued at approximately $204,000. Fiduciary Financial Group LLC increased its holdings in Invesco CurrencyShares Canadian Dollar Trust by 5.1% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock worth $237,000 after acquiring an additional 164 shares in the last quarter. MAI Capital Management increased its holdings in Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% in the 3rd quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock worth $250,000 after acquiring an additional 3,550 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Invesco CurrencyShares Canadian Dollar Trust by 54.7% during the 2nd quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock worth $480,000 after acquiring an additional 2,366 shares during the period.

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.