Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Pass Below 200 Day Moving Average – Should You Sell?

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $60.04 and traded as low as $58.17. Invesco CurrencyShares Japanese Yen Trust shares last traded at $58.27, with a volume of 215,531 shares traded.

Invesco CurrencyShares Japanese Yen Trust Trading Down 0.3%

The stock’s 50 day moving average is $58.89 and its two-hundred day moving average is $60.01. The stock has a market capitalization of $483.89 million, a price-to-earnings ratio of -117.92 and a beta of 0.19.

Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the 2nd quarter worth approximately $148,935,000. Cibc World Market Inc. boosted its holdings in Invesco CurrencyShares Japanese Yen Trust by 11.7% during the fourth 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. Leuthold Group LLC boosted its holdings in Invesco CurrencyShares Japanese Yen Trust by 33.7% during the second quarter. Leuthold Group LLC now owns 134,551 shares of the exchange traded fund’s stock worth $8,603,000 after purchasing an additional 33,900 shares during the last quarter. Truffle Hound Capital LLC bought a new position in Invesco CurrencyShares Japanese Yen Trust in the third quarter valued at $6,221,000. Finally, Broussard Financial Group LLC acquired a new stake in Invesco CurrencyShares Japanese Yen Trust in the 4th quarter valued at $4,787,000.

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.