Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Shares of Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB – Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $129.26 and traded as high as $129.28. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $128.96, with a volume of 1,802 shares trading hands.

Invesco CurrencyShares British Pound Sterling Trust Trading Down 0.6%

The company’s 50 day moving average is $129.25 and its 200-day moving average is $129.20.

Get Invesco CurrencyShares British Pound Sterling Trust alerts:

Invesco CurrencyShares British Pound Sterling Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 5th. Investors of record on Monday, June 1st were paid a dividend of $0.226 per share. This is a positive change from Invesco CurrencyShares British Pound Sterling Trust’s previous monthly dividend of $0.22. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 2.1%.

Institutional Investors Weigh In On Invesco CurrencyShares British Pound Sterling Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewSquare Capital LLC purchased a new stake in Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter worth $2,048,000. Royal Bank of Canada increased its stake in Invesco CurrencyShares British Pound Sterling Trust by 6.9% during the 1st quarter. Royal Bank of Canada now owns 5,046 shares of the exchange traded fund’s stock worth $643,000 after buying an additional 325 shares during the period. JPMorgan Chase & Co. purchased a new stake in Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter worth $52,000. Raymond James Financial Inc. purchased a new stake in Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter worth $119,000. Finally, Flow Traders U.S. LLC acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter worth $207,000.

Invesco CurrencyShares British Pound Sterling Trust Company Profile

(Get Free Report)

Guggenheim CurrencyShares British Pound Sterling Trust, formerly CurrencyShares British Pound Sterling Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of British Pound Sterling and distributes British Pound Sterling in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of British Pound Sterling plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the British Pound Sterling through an investment in securities.

Featured Articles

• Five stocks we like better than Invesco CurrencyShares British Pound Sterling Trust
• Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
• IREN’s 800MW Bet Flips the AI Power Switch
• CrowdStrike Earnings Beat Sparks Selloff—Buy the Dip?
• Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test

Receive News & Ratings for Invesco CurrencyShares British Pound Sterling Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco CurrencyShares British Pound Sterling Trust and related companies with MarketBeat.com's FREE daily email newsletter.