Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Share Price Pass Above Two Hundred Day Moving Average – What’s Next?

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $70.68 and traded as high as $71.65. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.58, with a volume of 19,561 shares changing hands.

Invesco CurrencyShares Canadian Dollar Trust Price Performance

The business has a fifty day moving average of $71.20 and a 200 day moving average of $70.68.

Invesco CurrencyShares Canadian Dollar Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.007 per share. This represents a c) dividend on an annualized basis and a yield of 0.1%. This is a positive change from Invesco CurrencyShares Canadian Dollar Trust’s previous monthly dividend of $0.01. The ex-dividend date was Wednesday, April 1st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FXC. Geneos Wealth Management Inc. lifted its stake in Invesco CurrencyShares Canadian Dollar Trust by 45.0% during the first quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 225 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Invesco CurrencyShares Canadian Dollar Trust during the third quarter worth $204,000. MAI Capital Management lifted its stake in Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% during the third quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock worth $250,000 after purchasing an additional 3,550 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% in the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after acquiring an additional 2,366 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust in the fourth quarter valued at $854,000.

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.