IndexIQ Advisors LLC Invests $4.30 Million in Guggenheim CurrencyShares Australian (FXA)
IndexIQ Advisors LLC bought a new position in Guggenheim CurrencyShares Australian (NYSEARCA:FXA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 55,935 shares of the exchange traded fund’s stock, valued at approximately $4,302,000.
Separately, NewSquare Capital LLC bought a new stake in shares of Guggenheim CurrencyShares Australian during the second quarter worth approximately $438,000.
Shares of Guggenheim CurrencyShares Australian (FXA) traded up 0.14% during midday trading on Tuesday, hitting $79.77. The company had a trading volume of 12,785 shares. Guggenheim CurrencyShares Australian has a one year low of $71.67 and a one year high of $80.15. The stock’s 50-day moving average price is $78.85 and its 200-day moving average price is $76.46.
The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 8th. Stockholders of record on Thursday, August 3rd were paid a dividend of $0.0631 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.95%. This is an increase from Guggenheim CurrencyShares Australian’s previous monthly dividend of $0.06. The ex-dividend date was Tuesday, August 1st.
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About Guggenheim CurrencyShares Australian
Guggenheim CurrencyShares Australian Dollar Trust, formerly The CurrencyShares Australian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Australian Dollars and distributes Australian Dollars in connection with the redemption of Baskets.
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