Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Share Price Cross Above 200-Day Moving Average – Should You Sell?

Shares of Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $68.89 and traded as high as $70.16. Invesco CurrencyShares Australian Dollar Trust shares last traded at $70.01, with a volume of 3,583 shares trading hands.

Invesco CurrencyShares Australian Dollar Trust Price Performance

The business’s 50-day simple moving average is $70.68 and its 200-day simple moving average is $68.96.

Invesco CurrencyShares Australian Dollar Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, June 1st were given a $0.0914 dividend. The ex-dividend date was Monday, June 1st. This is a positive change from Invesco CurrencyShares Australian Dollar Trust’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%.

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of Invesco CurrencyShares Australian Dollar Trust by 746.8% in the first quarter. Bank of America Corp DE now owns 6,859 shares of the exchange traded fund’s stock valued at $469,000 after acquiring an additional 6,049 shares during the period. Graney & King LLC purchased a new position in shares of Invesco CurrencyShares Australian Dollar Trust in the first quarter valued at about $125,000. Royal Bank of Canada increased its position in shares of Invesco CurrencyShares Australian Dollar Trust by 1.6% in the first quarter. Royal Bank of Canada now owns 9,253 shares of the exchange traded fund’s stock valued at $633,000 after acquiring an additional 147 shares during the period. PFG Investments LLC purchased a new position in shares of Invesco CurrencyShares Australian Dollar Trust in the first quarter valued at about $515,000. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of Invesco CurrencyShares Australian Dollar Trust in the fourth quarter valued at about $359,000.

About Invesco CurrencyShares Australian Dollar Trust

Guggenheim CurrencyShares Australian Dollar Trust, formerly The CurrencyShares Australian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Australian Dollars and distributes Australian Dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Australian Dollars plus accrued interest, if any, less the expenses of the Trust’s operations. The Shares are intended to offer investors an opportunity to participate in the market for the Australian Dollar through an investment in securities.