Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Share Price Pass Below Fifty Day Moving Average – What’s Next?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $129.24 and traded as low as $126.41. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $126.58, with a volume of 4,478 shares.

Invesco CurrencyShares British Pound Sterling Trust Stock Down 0.3%

The firm has a fifty day moving average price of $129.24 and a 200-day moving average price of $129.32.

Invesco CurrencyShares British Pound Sterling Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, June 1st were paid a $0.226 dividend. This is a boost from Invesco CurrencyShares British Pound Sterling Trust’s previous monthly dividend of $0.22. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 2.1%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FXB. Jane Street Group LLC lifted its holdings in shares of Invesco CurrencyShares British Pound Sterling Trust by 578.2% in the second quarter. Jane Street Group LLC now owns 23,737 shares of the exchange traded fund’s stock worth $3,137,000 after buying an additional 20,237 shares in the last quarter. NewSquare Capital LLC bought a new stake in Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter worth approximately $2,048,000. Focus Partners Wealth lifted its stake in Invesco CurrencyShares British Pound Sterling Trust by 195.2% in the 3rd quarter. Focus Partners Wealth now owns 8,649 shares of the exchange traded fund’s stock worth $1,119,000 after purchasing an additional 5,719 shares in the last quarter. Royal Bank of Canada lifted its stake in Invesco CurrencyShares British Pound Sterling Trust by 6.9% in the 1st quarter. Royal Bank of Canada now owns 5,046 shares of the exchange traded fund’s stock worth $643,000 after purchasing an additional 325 shares in the last quarter. Finally, Klingenstein Fields & Co. LP lifted its stake in Invesco CurrencyShares British Pound Sterling Trust by 20.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,800 shares of the exchange traded fund’s stock worth $623,000 after purchasing an additional 800 shares in the last quarter.

About Invesco CurrencyShares British Pound Sterling Trust

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.