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

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $66.47 and traded as high as $70.14. Invesco CurrencyShares Australian Dollar Trust shares last traded at $70.04, with a volume of 20,709 shares trading hands.

Invesco CurrencyShares Australian Dollar Trust Trading Up 1.1%

The business’s 50 day moving average price is $68.95 and its 200-day moving average price is $66.47.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a $0.0604 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 1.0%. This is a boost from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

A number of large investors have recently modified their holdings of FXA. Cibc World Market Inc. boosted its stake 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 valued at $6,170,000 after buying an additional 75,637 shares in the last quarter. Cresset Asset Management LLC grew its holdings in Invesco CurrencyShares Australian Dollar Trust by 10.7% during the third quarter. Cresset Asset Management LLC now owns 87,245 shares of the exchange traded fund’s stock worth $5,717,000 after acquiring an additional 8,412 shares during the period. Jane Street Group LLC raised its position in Invesco CurrencyShares Australian Dollar Trust by 156.0% in the second quarter. Jane Street Group LLC now owns 39,451 shares of the exchange traded fund’s stock worth $2,573,000 after acquiring an additional 24,043 shares in the last quarter. Haven Private LLC raised its position in Invesco CurrencyShares Australian Dollar Trust by 1.8% in the third quarter. Haven Private LLC now owns 9,447 shares of the exchange traded fund’s stock worth $619,000 after acquiring an additional 169 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in Invesco CurrencyShares Australian Dollar Trust in the third quarter valued at $487,000.

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.