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

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $70.63 and traded as high as $71.04. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $70.97, with a volume of 19,409 shares trading hands.

Invesco CurrencyShares Canadian Dollar Trust Price Performance

The company’s 50 day simple moving average is $69.82 and its 200-day simple moving average is $70.63.

Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco CurrencyShares Canadian Dollar Trust by 45.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock worth $49,000 after buying an additional 225 shares during the period. Ancora Advisors LLC purchased a new position in shares of Invesco CurrencyShares Canadian Dollar Trust during the first quarter valued at $136,000. Envestnet Asset Management Inc. bought a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust in the third quarter valued at about $204,000. Fiduciary Financial Group LLC lifted 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 worth $237,000 after acquiring an additional 164 shares during the period. Finally, MAI Capital Management lifted its stake 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 during the period.

About Invesco CurrencyShares Canadian Dollar Trust

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.