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

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $68.89 and traded as high as $70.16. Invesco CurrencyShares Australian Dollar Trust shares last traded at $70.01, with a volume of 3,583 shares traded.

Invesco CurrencyShares Australian Dollar Trust Stock Up 0.3%

The business’s fifty day moving average is $70.64 and its 200 day moving average is $68.89.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 5th. Investors of record on Monday, June 1st were issued a $0.0914 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, June 1st. This is an increase from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.08.

Institutional Investors Weigh In On Invesco CurrencyShares Australian Dollar Trust

A number of large investors have recently made changes to their positions in FXA. Raymond James Financial Inc. acquired a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the second quarter valued at approximately $33,000. Jane Street Group LLC raised its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 156.0% during 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 period. Geneos Wealth Management Inc. raised its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 246.0% during the second 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 period. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the third quarter valued at approximately $203,000. Finally, Cibc World Market Inc. raised its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 61.4% during the third quarter. Cibc World Market Inc. now owns 17,700 shares of the exchange traded fund’s stock valued at $1,160,000 after acquiring an additional 6,735 shares during the period.

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.