Cibc World Market Inc. Increases Position in Invesco CurrencyShares Australian Dollar Trust $FXA

Cibc World Market Inc. increased its stake in Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) by 427.3% in the 4th quarter, Holdings Channel reports. The fund owned 93,337 shares of the exchange traded fund’s stock after buying an additional 75,637 shares during the quarter. Cibc World Market Inc. owned about 0.06% of Invesco CurrencyShares Australian Dollar Trust worth $6,170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC purchased a new position in Invesco CurrencyShares Australian Dollar Trust in the third quarter worth $487,000. Bank of America Corp DE grew its position in Invesco CurrencyShares Australian Dollar Trust by 147.0% in the third quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 522 shares in the last quarter. Cresset Asset Management LLC grew its position in Invesco CurrencyShares Australian Dollar Trust by 10.7% in the third quarter. Cresset Asset Management LLC now owns 87,245 shares of the exchange traded fund’s stock worth $5,717,000 after acquiring an additional 8,412 shares in the last quarter. MAI Capital Management purchased a new position in Invesco CurrencyShares Australian Dollar Trust in the third quarter worth $323,000. Finally, Clearstead Advisors LLC purchased a new position in Invesco CurrencyShares Australian Dollar Trust in the third quarter worth $83,000.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

Shares of NYSEARCA:FXA opened at $69.75 on Monday. Invesco CurrencyShares Australian Dollar Trust has a 52-week low of $63.28 and a 52-week high of $72.02. The firm has a fifty day moving average of $70.46 and a 200 day moving average of $68.65.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 5th. Investors of record on Monday, June 1st were given a $0.0914 dividend. 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. The ex-dividend date was Monday, June 1st.

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.