Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY – Get Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $58.48 and traded as low as $57.56. Invesco CurrencyShares Japanese Yen Trust shares last traded at $57.65, with a volume of 109,878 shares changing hands.
Invesco CurrencyShares Japanese Yen Trust Stock Up 0.2%
The stock’s 50-day moving average price is $57.79 and its 200 day moving average price is $58.48. The firm has a market capitalization of $432.38 million, a price-to-earnings ratio of -117.92 and a beta of 0.20.
Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust
Hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in Invesco CurrencyShares Japanese Yen Trust during the first quarter worth about $32,000. International Assets Investment Management LLC purchased a new position in Invesco CurrencyShares Japanese Yen Trust during the fourth quarter worth about $45,000. Newbridge Financial Services Group Inc. boosted its stake in Invesco CurrencyShares Japanese Yen Trust by 50.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 900 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 300 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the third quarter valued at approximately $81,000. Finally, Clearstead Advisors LLC purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust in the third quarter valued at approximately $82,000.
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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