Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Price Pass Above 200 Day Moving Average – Time to Sell?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $66.15 and traded as high as $69.71. Invesco CurrencyShares Australian Dollar Trust shares last traded at $69.42, with a volume of 24,059 shares changing hands.

Invesco CurrencyShares Australian Dollar Trust Trading Down 0.9%

The company’s 50-day moving average is $68.42 and its 200-day moving average is $66.15.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 6th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.0604 per share. The ex-dividend date is Monday, March 2nd. This is a positive change from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FXA. Bank of Montreal Can bought a new position in Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter valued at $369,000. Cresset Asset Management LLC lifted its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 2.8% during the second quarter. Cresset Asset Management LLC now owns 78,833 shares of the exchange traded fund’s stock valued at $5,141,000 after acquiring an additional 2,182 shares during the period. Raymond James Financial Inc. bought a new position in Invesco CurrencyShares Australian Dollar Trust in the second quarter valued at about $33,000. Jane Street Group LLC boosted its holdings 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 valued at $2,573,000 after acquiring an additional 24,043 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Invesco CurrencyShares Australian Dollar Trust by 246.0% in the second quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 615 shares during the period.

Invesco CurrencyShares Australian Dollar Trust Company Profile

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.