Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Stock Cross Below Fifty Day Moving Average – Should You Sell?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $129.47 and traded as low as $129.13. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $129.53, with a volume of 50,257 shares changing hands.

Invesco CurrencyShares British Pound Sterling Trust Price Performance

The company has a 50 day moving average of $129.47 and a 200 day moving average of $128.78.

Hedge Funds Weigh In On Invesco CurrencyShares British Pound Sterling Trust

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in Invesco CurrencyShares British Pound Sterling Trust in the second quarter valued at $52,000. Raymond James Financial Inc. purchased a new stake in Invesco CurrencyShares British Pound Sterling Trust during the second quarter valued at about $119,000. Tortoise Investment Management LLC purchased a new stake in Invesco CurrencyShares British Pound Sterling Trust during the second quarter valued at about $204,000. Cresset Asset Management LLC purchased a new stake in Invesco CurrencyShares British Pound Sterling Trust during the second quarter valued at about $264,000. Finally, Klingenstein Fields & Co. LP purchased a new stake in Invesco CurrencyShares British Pound Sterling Trust during the first quarter valued at about $299,000.

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.