Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY – Get Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $57.90 and traded as low as $57.69. Invesco CurrencyShares Japanese Yen Trust shares last traded at $57.69, with a volume of 404,948 shares.
Invesco CurrencyShares Japanese Yen Trust Stock Down 0.6%
The stock has a market cap of $438.44 million, a PE ratio of -117.92 and a beta of 0.21. The firm has a 50 day moving average price of $58.20 and a 200 day moving average price of $57.90.
Hedge Funds Weigh In On Invesco CurrencyShares Japanese Yen Trust
Institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in Invesco CurrencyShares Japanese Yen Trust during the 1st quarter valued at about $32,000. Signet Private Wealth LLC raised its stake in Invesco CurrencyShares Japanese Yen Trust by 21.6% in the first quarter. Signet Private Wealth LLC now owns 9,067 shares of the exchange traded fund’s stock valued at $525,000 after buying an additional 1,613 shares during the last quarter. HBW Advisory Services LLC raised its stake in Invesco CurrencyShares Japanese Yen Trust by 4.8% in the first quarter. HBW Advisory Services LLC now owns 20,874 shares of the exchange traded fund’s stock valued at $1,208,000 after buying an additional 952 shares during the last quarter. Royal Bank of Canada raised its stake in Invesco CurrencyShares Japanese Yen Trust by 111.4% in the first quarter. Royal Bank of Canada now owns 35,358 shares of the exchange traded fund’s stock valued at $2,047,000 after buying an additional 18,630 shares during the last quarter. Finally, Broussard Financial Group LLC boosted its holdings in Invesco CurrencyShares Japanese Yen Trust by 22.6% in the first quarter. Broussard Financial Group LLC now owns 100,008 shares of the exchange traded fund’s stock worth $5,788,000 after acquiring an additional 18,414 shares in the last quarter.
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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