Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Pass Above 200-Day Moving Average – What’s Next?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $68.30 and traded as high as $71.05. Invesco CurrencyShares Australian Dollar Trust shares last traded at $71.01, with a volume of 6,490 shares changing hands.

Invesco CurrencyShares Australian Dollar Trust Trading Up 0.5%

The company has a fifty day moving average of $70.28 and a two-hundred day moving average of $68.30.

Invesco CurrencyShares Australian Dollar Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were issued a dividend of $0.0786 per share. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, May 1st.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cresset Asset Management LLC raised its holdings in Invesco CurrencyShares Australian Dollar Trust by 10.7% during the 3rd quarter. Cresset Asset Management LLC now owns 87,245 shares of the exchange traded fund’s stock valued at $5,717,000 after buying an additional 8,412 shares during the period. Graney & King LLC purchased a new stake in Invesco CurrencyShares Australian Dollar Trust during the 1st quarter valued at $125,000. Royal Bank of Canada raised its holdings in Invesco CurrencyShares Australian Dollar Trust by 1.6% during the 1st quarter. Royal Bank of Canada now owns 9,253 shares of the exchange traded fund’s stock valued at $633,000 after buying an additional 147 shares during the period. Bank of America Corp DE raised its holdings in Invesco CurrencyShares Australian Dollar Trust by 746.8% during the 1st quarter. Bank of America Corp DE now owns 6,859 shares of the exchange traded fund’s stock valued at $469,000 after buying an additional 6,049 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Invesco CurrencyShares Australian Dollar Trust by 246.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 615 shares during the period.

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.