MGO One Seven LLC decreased its holdings in shares of Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY – Free Report) by 39.4% in the 4th quarter, Holdings Channel reports. The firm owned 18,775 shares of the exchange traded fund’s stock after selling 12,232 shares during the quarter. MGO One Seven LLC’s holdings in Invesco CurrencyShares Japanese Yen Trust were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Cibc World Market Inc. increased its stake in Invesco CurrencyShares Japanese Yen Trust by 26.1% during the third quarter. Cibc World Market Inc. now owns 135,643 shares of the exchange traded fund’s stock valued at $8,438,000 after purchasing an additional 28,082 shares during the last quarter. Broussard Financial Group LLC bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the fourth quarter worth about $4,787,000. Truffle Hound Capital LLC bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the third quarter worth about $6,221,000. NewEdge Advisors LLC bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the third quarter worth about $561,000. Finally, Creative Planning grew its position in shares of Invesco CurrencyShares Japanese Yen Trust by 9.4% during the third quarter. Creative Planning now owns 7,881 shares of the exchange traded fund’s stock worth $490,000 after acquiring an additional 674 shares during the last quarter.
Invesco CurrencyShares Japanese Yen Trust Stock Performance
Invesco CurrencyShares Japanese Yen Trust stock opened at $58.27 on Wednesday. The company has a 50-day simple moving average of $57.86 and a 200-day simple moving average of $58.67. The firm has a market capitalization of $437.03 million, a P/E ratio of -117.92 and a beta of 0.20. Invesco CurrencyShares Japanese Yen Trust has a one year low of $57.22 and a one year high of $64.72.
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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