Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Stock Cross Above 200 Day Moving Average – Time to Sell?

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $69.39 and traded as high as $69.44. Invesco CurrencyShares Australian Dollar Trust shares last traded at $69.39, with a volume of 6,791 shares traded.

Invesco CurrencyShares Australian Dollar Trust Stock Performance

The stock’s 50 day simple moving average is $69.88 and its 200-day simple moving average is $69.39.

Invesco CurrencyShares Australian Dollar Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were given a $0.087 dividend. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FXA. Raymond James Financial Inc. purchased a new stake in Invesco CurrencyShares Australian Dollar Trust during the 2nd quarter valued at about $33,000. Geneos Wealth Management Inc. raised its stake in shares of Invesco CurrencyShares Australian Dollar Trust by 246.0% in the second quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 615 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco CurrencyShares Australian Dollar Trust by 147.0% during the third quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 522 shares during the period. Graney & King LLC acquired a new stake in shares of Invesco CurrencyShares Australian Dollar Trust during the first quarter worth about $125,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Invesco CurrencyShares Australian Dollar Trust in the third quarter valued at approximately $203,000.

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.