Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $70.87 and traded as high as $71.15. Invesco CurrencyShares Canadian Dollar Trust shares last traded at $71.05, with a volume of 9,492 shares changing hands.

Invesco CurrencyShares Canadian Dollar Trust Trading Down 0.2%

The firm’s fifty day simple moving average is $71.16 and its 200-day simple moving average is $70.87.

Invesco CurrencyShares Canadian Dollar Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were paid a dividend of $0.0069 per share. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Trading of Invesco CurrencyShares Canadian Dollar Trust

A number of institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in Invesco CurrencyShares Canadian Dollar Trust by 45.0% during the 1st 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 shares of Invesco CurrencyShares Canadian Dollar Trust by 54.7% during the 2nd quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock valued at $480,000 after purchasing an additional 2,366 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Invesco CurrencyShares Canadian Dollar Trust during the 3rd quarter valued at about $204,000. MAI Capital Management grew its stake in 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 purchasing an additional 3,550 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its stake in Invesco CurrencyShares Canadian Dollar Trust by 17.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock worth $2,442,000 after purchasing an additional 5,176 shares during the period.

Invesco CurrencyShares Canadian Dollar Trust Company Profile

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.