Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $71.00 and traded as low as $68.91. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $69.07, with a volume of 117,886 shares.

Invesco CurrencyShares Canadian Dollar Trust Price Performance

The firm’s fifty day moving average is $70.79 and its 200-day moving average is $71.00.

Invesco CurrencyShares Canadian Dollar Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, June 1st were given a dividend of $0.007 per share. This is a boost from Invesco CurrencyShares Canadian Dollar Trust’s previous monthly dividend of $0.01. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, June 1st.

Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% during the 1st quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock worth $4,075,000 after buying an additional 59,230 shares during the period. Virtu Financial LLC boosted its position in Invesco CurrencyShares Canadian Dollar Trust by 163.1% in the 3rd quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock valued at $1,557,000 after buying an additional 13,741 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Invesco CurrencyShares Canadian Dollar Trust in the fourth quarter worth $854,000. Ashton Thomas Private Wealth LLC grew its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 17.8% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock worth $2,442,000 after acquiring an additional 5,176 shares in the last quarter. Finally, MAI Capital Management increased its position in shares of Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% during the third quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock worth $250,000 after acquiring an additional 3,550 shares during the period.

Invesco CurrencyShares Canadian Dollar Trust Company Profile

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.