Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Stock Price Cross Above Fifty Day Moving Average – Should You Sell?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $122.81 and traded as high as $124.84. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $124.62, with a volume of 24,708 shares.

Invesco CurrencyShares British Pound Sterling Trust Price Performance

The business’s 50 day moving average is $122.81 and its 200 day moving average is $122.50.

Hedge Funds Weigh In On Invesco CurrencyShares British Pound Sterling Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FXB. HighTower Advisors LLC acquired a new position in Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter worth approximately $217,000. Mesirow Financial Investment Management Inc. purchased a new position in Invesco CurrencyShares British Pound Sterling Trust during the fourth quarter valued at approximately $356,000. Capasso Planning Partners LLC acquired a new position in Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter valued at approximately $767,000. Jane Street Group LLC lifted its position in Invesco CurrencyShares British Pound Sterling Trust by 28.8% in the 4th quarter. Jane Street Group LLC now owns 25,544 shares of the exchange traded fund’s stock worth $3,079,000 after buying an additional 5,706 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the 4th quarter valued at $5,136,000.

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.