Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Share Price Cross Above 200-Day Moving Average – Here’s What Happened

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $68.57 and traded as high as $70.75. Invesco CurrencyShares Australian Dollar Trust shares last traded at $70.57, with a volume of 3,386 shares traded.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

The firm’s 50-day simple moving average is $70.41 and its two-hundred day simple moving average is $68.57.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 5th. Shareholders of record on Monday, June 1st will be given a dividend of $0.0914 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a c) annualized dividend and a yield of 1.6%. This is a boost from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.08.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter valued at $33,000. Geneos Wealth Management Inc. boosted its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 246.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 615 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 147.0% in the 3rd quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock valued at $57,000 after acquiring an additional 522 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the 3rd quarter valued at $83,000. Finally, Graney & King LLC purchased a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the 1st quarter valued at $125,000.

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.