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

Shares of Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $70.66 and traded as high as $71.38. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.21, with a volume of 24,906 shares trading hands.

Invesco CurrencyShares Canadian Dollar Trust Price Performance

The company has a 50-day moving average price of $71.37 and a 200 day moving average price of $70.66.

Invesco CurrencyShares Canadian Dollar Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a $0.0064 dividend. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 45.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 225 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in Invesco CurrencyShares Canadian Dollar Trust in the third quarter valued at about $204,000. Fiduciary Financial Group LLC raised its stake in Invesco CurrencyShares Canadian Dollar Trust by 5.1% in the third quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock valued at $237,000 after buying an additional 164 shares during the last quarter. MAI Capital Management boosted its holdings in Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% in the third quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock worth $250,000 after acquiring an additional 3,550 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% during the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock worth $480,000 after acquiring an additional 2,366 shares during the last quarter.

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.