Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Stock Cross Above 200 Day Moving Average – Time to Sell?

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $70.56 and traded as high as $71.56. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.39, with a volume of 250,728 shares traded.

Invesco CurrencyShares Canadian Dollar Trust Price Performance

The stock’s 50-day moving average is $71.19 and its 200 day moving average is $70.56.

Invesco CurrencyShares Canadian Dollar Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were issued a $0.0071 dividend. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, February 2nd.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% during the 1st quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock worth $4,075,000 after buying an additional 59,230 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust during the fourth quarter worth $854,000. Ashton Thomas Private Wealth LLC raised its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 17.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock worth $2,442,000 after acquiring an additional 5,176 shares during the period. Virtu Financial LLC raised its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 163.1% during the third quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock worth $1,557,000 after acquiring an additional 13,741 shares during the period. Finally, Envestnet Asset Management Inc. bought a new stake in Invesco CurrencyShares Canadian Dollar Trust in the 3rd quarter valued at $204,000.

Invesco CurrencyShares Canadian Dollar Trust Company Profile

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.