Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Stock Price Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $70.53 and traded as high as $71.58. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.38, with a volume of 50,512 shares changing hands.

Invesco CurrencyShares Canadian Dollar Trust Stock Up 0.3%

The business’s fifty day simple moving average is $70.95 and its 200 day simple moving average is $70.53.

Invesco CurrencyShares Canadian Dollar Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were given a dividend of $0.0071 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, February 2nd.

Hedge Funds Weigh In On Invesco CurrencyShares Canadian Dollar Trust

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

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.