Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Share Price Pass Above Fifty Day Moving Average – Time to Sell?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $127.57 and traded as high as $128.30. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $128.25, with a volume of 14,538 shares traded.

Invesco CurrencyShares British Pound Sterling Trust Trading Up 1.0%

The firm’s 50-day moving average price is $127.57 and its 200 day moving average price is $129.04.

Institutional Investors Weigh In On Invesco CurrencyShares British Pound Sterling Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Worth Asset Management LLC bought a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter worth about $607,000. Bank of Montreal Can acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter worth approximately $560,000. Tortoise Investment Management LLC acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter worth approximately $204,000. Geneos Wealth Management Inc. bought a new position in Invesco CurrencyShares British Pound Sterling Trust in the first quarter worth approximately $1,537,000. Finally, Focus Partners Wealth grew its stake in Invesco CurrencyShares British Pound Sterling Trust by 195.2% in the third quarter. Focus Partners Wealth now owns 8,649 shares of the exchange traded fund’s stock valued at $1,119,000 after acquiring an additional 5,719 shares during the period.

Invesco CurrencyShares British Pound Sterling Trust Company Profile

Guggenheim CurrencyShares British Pound Sterling Trust, formerly CurrencyShares British Pound Sterling Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of British Pound Sterling and distributes British Pound Sterling in connection with the redemption of Baskets.