Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Price Cross Above 200 Day Moving Average – Here’s Why

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $66.68 and traded as high as $69.21. Invesco CurrencyShares Australian Dollar Trust shares last traded at $69.05, with a volume of 35,048 shares traded.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

The stock’s 50 day moving average is $69.34 and its 200-day moving average is $66.68.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a $0.0604 dividend. This is an increase from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, March 2nd.

Institutional Investors Weigh In On Invesco CurrencyShares Australian Dollar Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter worth approximately $33,000. Geneos Wealth Management Inc. increased its position in shares of Invesco CurrencyShares Australian Dollar Trust by 246.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 615 shares during the last quarter. Bank of America Corp DE raised its holdings in Invesco CurrencyShares Australian Dollar Trust by 147.0% during the 3rd quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 522 shares during the period. Clearstead Advisors LLC purchased a new stake in Invesco CurrencyShares Australian Dollar Trust during the 3rd quarter valued at $83,000. Finally, Envestnet Asset Management Inc. bought a new stake in Invesco CurrencyShares Australian Dollar Trust in 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.