Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Price Cross Above 200 Day Moving Average – Here’s Why

Shares of Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $66.68 and traded as high as $69.21. Invesco CurrencyShares Australian Dollar Trust shares last traded at $69.05, with a volume of 35,048 shares.

Invesco CurrencyShares Australian Dollar Trust Trading Down 0.6%

The stock has a fifty day simple moving average of $69.34 and a 200 day simple moving average of $66.68.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The firm 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 $0.0604 per share. 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 was Monday, March 2nd.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in FXA. Rockefeller Capital Management L.P. bought a new position in Invesco CurrencyShares Australian Dollar Trust in the 4th quarter worth approximately $359,000. Commonwealth Equity Services LLC purchased a new position in shares of Invesco CurrencyShares Australian Dollar Trust in the fourth quarter worth $260,000. Cibc World Market Inc. lifted its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 427.3% in the fourth quarter. Cibc World Market Inc. now owns 93,337 shares of the exchange traded fund’s stock worth $6,170,000 after buying an additional 75,637 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Invesco CurrencyShares Australian Dollar Trust during the third quarter worth $487,000. Finally, Bank of America Corp DE boosted its position in shares of Invesco CurrencyShares Australian Dollar Trust by 147.0% during the third quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 522 shares during the last quarter.

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.