Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Cross Above 50-Day Moving Average – Here’s What Happened

Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $57.85 and traded as high as $58.38. Invesco CurrencyShares Japanese Yen Trust shares last traded at $58.22, with a volume of 53,511 shares.

Invesco CurrencyShares Japanese Yen Trust Stock Down 0.1%

The firm’s fifty day moving average price is $57.89 and its 200 day moving average price is $57.58. The stock has a market cap of $462.90 million, a PE ratio of -117.92 and a beta of 0.19.

Institutional Investors Weigh In On Invesco CurrencyShares Japanese Yen Trust

Several large investors have recently made changes to their positions in the company. Cibc World Market Inc. increased its holdings in shares of Invesco CurrencyShares Japanese Yen Trust by 11.7% in the 4th quarter. Cibc World Market Inc. now owns 151,546 shares of the exchange traded fund’s stock worth $8,891,000 after buying an additional 15,903 shares during the last quarter. Broussard Financial Group LLC increased its position in shares of Invesco CurrencyShares Japanese Yen Trust by 22.6% during the 1st quarter. Broussard Financial Group LLC now owns 100,008 shares of the exchange traded fund’s stock valued at $5,788,000 after purchasing an additional 18,414 shares during the last quarter. Royal Bank of Canada increased its position in shares of Invesco CurrencyShares Japanese Yen Trust by 111.4% during the 1st quarter. Royal Bank of Canada now owns 35,358 shares of the exchange traded fund’s stock valued at $2,047,000 after purchasing an additional 18,630 shares during the last quarter. HBW Advisory Services LLC raised its holdings in Invesco CurrencyShares Japanese Yen Trust by 4.8% during the 1st quarter. HBW Advisory Services LLC now owns 20,874 shares of the exchange traded fund’s stock valued at $1,208,000 after buying an additional 952 shares during the period. Finally, Signet Private Wealth LLC lifted its position in Invesco CurrencyShares Japanese Yen Trust by 21.6% in the first quarter. Signet Private Wealth LLC now owns 9,067 shares of the exchange traded fund’s stock worth $525,000 after buying an additional 1,613 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. The Trust holds Japanese Yen and, from time to time, issues Baskets in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with redemptions of Baskets.