Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Stock Cross Above 200-Day Moving Average – Here’s Why

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Invesco CurrencyShares Canadian Dollar Trust Trading Down 0.2%

The business’s 50-day moving average is $71.37 and its 200-day moving average is $70.66.

Invesco CurrencyShares Canadian Dollar Trust Cuts Dividend

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

Institutional Trading of Invesco CurrencyShares Canadian Dollar Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its position in Invesco CurrencyShares Canadian Dollar Trust by 45.0% during the first quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock valued at $49,000 after acquiring an additional 225 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Invesco CurrencyShares Canadian Dollar Trust in the 3rd quarter worth approximately $204,000. Fiduciary Financial Group LLC boosted its position in Invesco CurrencyShares Canadian Dollar Trust by 5.1% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock worth $237,000 after purchasing an additional 164 shares in the last quarter. MAI Capital Management grew its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% during the 3rd quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock worth $250,000 after purchasing an additional 3,550 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% during the 2nd quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock worth $480,000 after purchasing an additional 2,366 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. 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.