Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Pass Below 200-Day Moving Average – Time to Sell?

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $60.04 and traded as low as $58.17. Invesco CurrencyShares Japanese Yen Trust shares last traded at $58.27, with a volume of 215,531 shares.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

The stock has a 50-day moving average of $58.91 and a two-hundred day moving average of $60.04. The company has a market cap of $483.64 million, a P/E ratio of -117.92 and a beta of 0.19.

Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. boosted its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 50.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 300 shares during the period. Captrust Financial Advisors raised its position in Invesco CurrencyShares Japanese Yen Trust by 1.6% during the 4th quarter. Captrust Financial Advisors now owns 30,622 shares of the exchange traded fund’s stock valued at $1,797,000 after purchasing an additional 486 shares during the last quarter. CreativeOne Wealth LLC grew its position in shares of Invesco CurrencyShares Japanese Yen Trust by 6.9% in the 4th quarter. CreativeOne Wealth LLC now owns 7,905 shares of the exchange traded fund’s stock worth $464,000 after buying an additional 512 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 433.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 800 shares of the exchange traded fund’s stock valued at $51,000 after acquiring an additional 650 shares in the last quarter. Finally, Creative Planning boosted its holdings in Invesco CurrencyShares Japanese Yen Trust by 9.4% in the third quarter. Creative Planning now owns 7,881 shares of the exchange traded fund’s stock valued at $490,000 after acquiring an additional 674 shares in the last quarter.

About Invesco CurrencyShares Japanese Yen Trust

Guggenheim CurrencyShares Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Japanese Yen plus accrued interest, if any, less the expenses of the Trust’s operations. The Trust holds Japanese Yen and, from time to time, issues Baskets in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with redemptions of Baskets.