Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $129.26 and traded as low as $128.21. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $128.31, with a volume of 15,029 shares trading hands.

Invesco CurrencyShares British Pound Sterling Trust Stock Performance

The business has a fifty day moving average of $128.70 and a 200-day moving average of $129.26.

Invesco CurrencyShares British Pound Sterling Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were given a $0.2154 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, July 1st.

Institutional Investors Weigh In On Invesco CurrencyShares British Pound Sterling Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new stake in Invesco CurrencyShares British Pound Sterling Trust during the second quarter valued at about $52,000. Dunhill Financial LLC raised its stake in shares of Invesco CurrencyShares British Pound Sterling Trust by 225.0% during the fourth quarter. Dunhill Financial LLC now owns 585 shares of the exchange traded fund’s stock valued at $76,000 after acquiring an additional 405 shares during the last quarter. Raymond James Financial Inc. bought a new position in Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter valued at approximately $119,000. Flow Traders U.S. LLC bought a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter worth approximately $207,000. Finally, Bank of Montreal Can bought a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust in the 4th quarter worth approximately $229,000.

About Invesco CurrencyShares British Pound Sterling Trust

Guggenheim CurrencyShares British Pound Sterling Trust, formerly CurrencyShares British Pound Sterling Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of British Pound Sterling and distributes British Pound Sterling in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of British Pound Sterling plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the British Pound Sterling through an investment in securities.