Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Shares Cross Above 200 Day Moving Average – Should You Sell?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $65.48 and traded as high as $70.18. Invesco CurrencyShares Australian Dollar Trust shares last traded at $70.03, with a volume of 19,794 shares trading hands.

Invesco CurrencyShares Australian Dollar Trust Trading Down 0.3%

The business has a 50-day moving average price of $66.97 and a 200 day moving average price of $65.48.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were issued a $0.0549 dividend. This is a boost from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FXA. Bank of Montreal Can bought a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter valued at approximately $369,000. Mutual Advisors LLC purchased a new stake in Invesco CurrencyShares Australian Dollar Trust during the 2nd quarter valued at $1,727,000. Haven Private LLC bought a new stake in Invesco CurrencyShares Australian Dollar Trust in the second quarter worth $605,000. Unconventional Investor LLC bought a new stake in Invesco CurrencyShares Australian Dollar Trust in the second quarter worth $509,000. Finally, Envestnet Asset Management Inc. purchased a new position in Invesco CurrencyShares Australian Dollar Trust during the third quarter worth $203,000.

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.