Wolverine Asset Management LLC Reduces Stock Position in Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)

Wolverine Asset Management LLC trimmed its stake in Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,000 shares of the exchange traded fund’s stock after selling 5,000 shares during the period. Wolverine Asset Management LLC owned 10.53% of Invesco CurrencyShares British Pound Sterling Trust worth $9,700,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FXB. Geneos Wealth Management Inc. purchased a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust in the 4th quarter worth about $51,000. Brookstone Capital Management purchased a new position in Invesco CurrencyShares British Pound Sterling Trust during the 4th quarter valued at about $259,000. Worth Asset Management LLC bought a new stake in Invesco CurrencyShares British Pound Sterling Trust during the fourth quarter worth about $920,000. Finally, International Assets Investment Management LLC purchased a new stake in Invesco CurrencyShares British Pound Sterling Trust in the fourth quarter worth about $1,131,000.

Invesco CurrencyShares British Pound Sterling Trust Price Performance

Shares of FXB stock traded up $0.80 during trading hours on Tuesday, hitting $119.69. 9,018 shares of the company’s stock traded hands, compared to its average volume of 25,558. The stock’s fifty day simple moving average is $121.52 and its two-hundred day simple moving average is $120.82. Invesco CurrencyShares British Pound Sterling Trust has a 12-month low of $115.94 and a 12-month high of $126.35.

Invesco CurrencyShares British Pound Sterling Trust Increases Dividend

The business also recently announced a dividend, which was paid on Monday, April 8th. Shareholders of record on Tuesday, April 2nd were issued a $0.3353 dividend. This is an increase from Invesco CurrencyShares British Pound Sterling Trust’s previous dividend of $0.28. The ex-dividend date of this dividend was Monday, April 1st.

Invesco CurrencyShares British Pound Sterling Trust Profile

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.