Broussard Financial Group LLC boosted its stake in shares of Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY – Free Report) by 22.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,008 shares of the exchange traded fund’s stock after acquiring an additional 18,414 shares during the quarter. Invesco CurrencyShares Japanese Yen Trust comprises 4.6% of Broussard Financial Group LLC’s investment portfolio, making the stock its 8th biggest holding. Broussard Financial Group LLC owned 1.33% of Invesco CurrencyShares Japanese Yen Trust worth $5,788,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust during the fourth quarter worth approximately $45,000. Newbridge Financial Services Group Inc. grew its position in Invesco CurrencyShares Japanese Yen Trust by 50.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 300 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Invesco CurrencyShares Japanese Yen Trust in the 3rd quarter valued at $81,000. Comerica Bank acquired a new position in Invesco CurrencyShares Japanese Yen Trust in the 1st quarter valued at $96,000. Finally, Markin Asset Management LP purchased a new position in Invesco CurrencyShares Japanese Yen Trust during the 4th quarter worth $217,000.
Invesco CurrencyShares Japanese Yen Trust Stock Performance
FXY stock opened at $56.63 on Wednesday. The stock has a market capitalization of $430.39 million, a PE ratio of -117.92 and a beta of 0.20. The company has a fifty day moving average of $57.43 and a 200-day moving average of $58.07. Invesco CurrencyShares Japanese Yen Trust has a one year low of $56.40 and a one year high of $63.26.
Invesco CurrencyShares Japanese Yen Trust Company Profile
Guggenheim CurrencyShares Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Japanese Yen plus accrued interest, if any, less the expenses of the Trust’s operations. The Trust holds Japanese Yen and, from time to time, issues Baskets in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with redemptions of Baskets.
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