Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Pass Below 200-Day Moving Average of $62.42

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $62.42 and traded as low as $59.79. Invesco CurrencyShares Japanese Yen Trust shares last traded at $59.82, with a volume of 96,332 shares changing hands.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

The firm’s 50-day simple moving average is $61.34 and its 200 day simple moving average is $62.41. The company has a market capitalization of $357.90 million, a PE ratio of -111.15 and a beta of 0.03.

Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust

Several institutional investors have recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the 3rd quarter worth about $62,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the fourth quarter valued at about $206,000. Delphi Financial Group Inc. acquired a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the third quarter valued at approximately $435,000. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 97.8% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 7,278 shares of the exchange traded fund’s stock worth $453,000 after purchasing an additional 3,598 shares in the last quarter. Finally, Bordeaux Wealth Advisors LLC raised its position in shares of Invesco CurrencyShares Japanese Yen Trust by 23.5% during the 3rd quarter. Bordeaux Wealth Advisors LLC now owns 8,400 shares of the exchange traded fund’s stock worth $522,000 after purchasing an additional 1,600 shares during the last quarter.

About Invesco CurrencyShares Japanese Yen Trust

Guggenheim CurrencyShares Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Japanese Yen plus accrued interest, if any, less the expenses of the Trust’s operations.