Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Share Price Cross Above Two Hundred Day Moving Average – Here’s Why

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $67.25 and traded as high as $71.17. Invesco CurrencyShares Australian Dollar Trust shares last traded at $70.68, with a volume of 17,689 shares trading hands.

Invesco CurrencyShares Australian Dollar Trust Price Performance

The business’s 50-day moving average is $69.82 and its two-hundred day moving average is $67.30.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a $0.0604 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.05.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

A number of hedge funds have recently modified their holdings of the company. Cibc World Market Inc. raised its position in shares of Invesco CurrencyShares Australian Dollar Trust by 427.3% in the 4th quarter. Cibc World Market Inc. now owns 93,337 shares of the exchange traded fund’s stock valued at $6,170,000 after acquiring an additional 75,637 shares during the period. Cresset Asset Management LLC raised its position in shares of Invesco CurrencyShares Australian Dollar Trust by 10.7% in 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 acquiring an additional 8,412 shares during the period. Jane Street Group LLC raised its position in shares of Invesco CurrencyShares Australian Dollar Trust by 156.0% in the 2nd quarter. Jane Street Group LLC now owns 39,451 shares of the exchange traded fund’s stock valued at $2,573,000 after acquiring an additional 24,043 shares during the period. Haven Private LLC raised its position in shares of Invesco CurrencyShares Australian Dollar Trust by 1.8% in the 3rd quarter. Haven Private LLC now owns 9,447 shares of the exchange traded fund’s stock valued at $619,000 after acquiring an additional 169 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Invesco CurrencyShares Australian Dollar Trust in the 3rd quarter valued at approximately $487,000.

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.