Avalon Capital Management Sells 2,863 Shares of Invesco CurrencyShares Japanese Yen Trust $FXY

Avalon Capital Management lowered its position in shares of Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,811 shares of the exchange traded fund’s stock after selling 2,863 shares during the quarter. Invesco CurrencyShares Japanese Yen Trust accounts for approximately 1.6% of Avalon Capital Management’s investment portfolio, making the stock its 20th biggest holding. Avalon Capital Management owned 0.75% of Invesco CurrencyShares Japanese Yen Trust worth $5,870,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FXY. Diversify Wealth Management LLC increased its position in shares of Invesco CurrencyShares Japanese Yen Trust by 50.3% during the first quarter. Diversify Wealth Management LLC now owns 7,049 shares of the exchange traded fund’s stock valued at $456,000 after acquiring an additional 2,360 shares during the last quarter. Pettinga Financial Advisors LLC bought a new position in Invesco CurrencyShares Japanese Yen Trust in the 1st quarter valued at $807,000. Hollencrest Capital Management increased its position in shares of Invesco CurrencyShares Japanese Yen Trust by 200.0% during the 1st quarter. Hollencrest Capital Management now owns 60,000 shares of the exchange traded fund’s stock valued at $3,690,000 after purchasing an additional 40,000 shares during the last quarter. Brookwood Investment Group LLC purchased a new stake in shares of Invesco CurrencyShares Japanese Yen Trust during the 1st quarter valued at $255,000. Finally, Cetera Investment Advisers bought a new stake in shares of Invesco CurrencyShares Japanese Yen Trust during the 1st quarter worth $2,467,000.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

Shares of NYSEARCA:FXY opened at $59.73 on Tuesday. The company has a market capitalization of $489.79 million, a P/E ratio of -117.92 and a beta of 0.19. The company’s 50-day moving average is $61.26 and its 200 day moving average is $62.49. Invesco CurrencyShares Japanese Yen Trust has a fifty-two week low of $58.25 and a fifty-two week high of $65.64.

Invesco CurrencyShares Japanese Yen Trust Profile

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.