Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $70.46 and traded as high as $71.05. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $70.91, with a volume of 23,553 shares trading hands.
Invesco CurrencyShares Canadian Dollar Trust Stock Down 0.1%
The company’s 50 day simple moving average is $69.90 and its 200 day simple moving average is $70.46.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% during the 1st quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock worth $4,075,000 after acquiring an additional 59,230 shares in the last quarter. Virtu Financial LLC lifted its position in Invesco CurrencyShares Canadian Dollar Trust by 163.1% in the third quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock valued at $1,557,000 after acquiring an additional 13,741 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Invesco CurrencyShares Canadian Dollar Trust in the third quarter valued at $204,000. Bank of America Corp DE boosted its stake in Invesco CurrencyShares Canadian Dollar Trust by 54.7% in the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after acquiring an additional 2,366 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Invesco CurrencyShares Canadian Dollar Trust by 45.0% in the first quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock valued at $49,000 after acquiring an additional 225 shares in the last quarter.
Invesco CurrencyShares Canadian Dollar Trust Company Profile
Guggenheim CurrencyShares Canadian Dollar Trust, formerly CurrencyShares Canadian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Canadian dollars and distributes Canadian dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Canadian Dollars. The Bank of New York Mellon serves as the Trustee. The Trust’s sponsor is Rydex Specialized Products LLC, which is doing business as Rydex Investments.
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