Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Stock Price Pass Above 50 Day Moving Average – Time to Sell?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $127.46 and traded as high as $129.08. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $128.71, with a volume of 11,863 shares.

Invesco CurrencyShares British Pound Sterling Trust Stock Down 0.2%

The company has a 50 day moving average of $127.44 and a 200-day moving average of $128.99.

Institutional Trading of Invesco CurrencyShares British Pound Sterling Trust

Several hedge funds and other institutional investors have recently bought and sold shares of FXB. Worth Asset Management LLC bought a new position in Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter worth $607,000. Bank of Montreal Can bought a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter valued at $560,000. Tortoise Investment Management LLC acquired a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the 2nd quarter worth $204,000. Geneos Wealth Management Inc. acquired a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the 1st quarter worth $1,537,000. Finally, Haven Private LLC bought a new position in shares of Invesco CurrencyShares British Pound Sterling Trust in the second quarter worth $591,000.

Invesco CurrencyShares British Pound Sterling Trust Company Profile

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.