Royal Bank of Canada increased its holdings in shares of Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY – Free Report) by 111.4% during the first quarter, HoldingsChannel.com reports. The fund owned 35,358 shares of the exchange traded fund’s stock after buying an additional 18,630 shares during the period. Royal Bank of Canada’s holdings in Invesco CurrencyShares Japanese Yen Trust were worth $2,047,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of FXY. Broussard Financial Group LLC acquired a new stake in Invesco CurrencyShares Japanese Yen Trust in the 4th quarter valued at about $4,787,000. Cibc World Market Inc. boosted its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 11.7% during the 4th quarter. Cibc World Market Inc. now owns 151,546 shares of the exchange traded fund’s stock worth $8,891,000 after purchasing an additional 15,903 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the fourth quarter valued at approximately $1,531,000. Osaic Holdings Inc. grew its position in shares of Invesco CurrencyShares Japanese Yen Trust by 21.1% in the fourth quarter. Osaic Holdings Inc. now owns 22,030 shares of the exchange traded fund’s stock valued at $1,292,000 after purchasing an additional 3,838 shares in the last quarter. Finally, Blair William & Co. IL purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the fourth quarter valued at approximately $1,064,000.
Invesco CurrencyShares Japanese Yen Trust Stock Performance
NYSEARCA:FXY opened at $57.53 on Tuesday. Invesco CurrencyShares Japanese Yen Trust has a one year low of $55.96 and a one year high of $63.26. The stock has a market cap of $445.86 million, a PE ratio of -117.92 and a beta of 0.19. The stock has a 50 day moving average price of $56.95 and a 200 day moving average price of $57.75.
About Invesco CurrencyShares Japanese Yen Trust
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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