Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Stock Price Pass Above 200-Day Moving Average – Should You Sell?

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $70.63 and traded as high as $72.14. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.96, with a volume of 50,225 shares changing hands.

Invesco CurrencyShares Canadian Dollar Trust Price Performance

The business has a 50-day moving average of $71.32 and a 200 day moving average of $70.64.

Invesco CurrencyShares Canadian Dollar Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a $0.0064 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 0.1%.

Institutional Investors Weigh In On Invesco CurrencyShares Canadian Dollar Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fiduciary Financial Group LLC boosted its stake in shares of Invesco CurrencyShares Canadian Dollar Trust by 5.1% in the 3rd quarter. Fiduciary Financial Group LLC now owns 3,372 shares of the exchange traded fund’s stock worth $237,000 after buying an additional 164 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Invesco CurrencyShares Canadian Dollar Trust by 45.0% during the first quarter. Geneos Wealth Management Inc. now owns 725 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 225 shares during the period. Bank of America Corp DE boosted its position 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 worth $480,000 after purchasing an additional 2,366 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Invesco CurrencyShares Canadian Dollar Trust in the 3rd quarter valued at $204,000. Finally, MAI Capital Management grew its stake in Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% in the 3rd quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock valued at $250,000 after purchasing an additional 3,550 shares during the period.

About Invesco CurrencyShares Canadian Dollar Trust

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.