Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Pass Below Two Hundred Day Moving Average – What’s Next?

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $62.97 and traded as low as $62.39. Invesco CurrencyShares Japanese Yen Trust shares last traded at $62.47, with a volume of 161,977 shares.

Invesco CurrencyShares Japanese Yen Trust Price Performance

The stock has a market capitalization of $602.84 million, a PE ratio of -117.92 and a beta of 0.05. The business has a 50 day moving average price of $62.28 and a 200 day moving average price of $62.97.

Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in shares of Invesco CurrencyShares Japanese Yen Trust by 94.5% in the first quarter. Farther Finance Advisors LLC now owns 428 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 208 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the first quarter valued at $31,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 433.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 800 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 650 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 55.1% during the first quarter. US Bancorp DE now owns 1,135 shares of the exchange traded fund’s stock valued at $70,000 after purchasing an additional 403 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the second quarter valued at $75,000.

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.