Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Shares Cross Above Two Hundred 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 $68.05 and traded as high as $71.05. Invesco CurrencyShares Australian Dollar Trust shares last traded at $71.03, with a volume of 16,212 shares.

Invesco CurrencyShares Australian Dollar Trust Price Performance

The stock’s fifty day moving average is $70.24 and its two-hundred day moving average is $68.13.

Invesco CurrencyShares Australian Dollar Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were given a $0.0786 dividend. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, May 1st.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in Invesco CurrencyShares Australian Dollar Trust by 1.6% in the 1st 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. Haven Private LLC increased its position in Invesco CurrencyShares Australian Dollar Trust by 1.8% in the 3rd quarter. Haven Private LLC now owns 9,447 shares of the exchange traded fund’s stock valued at $619,000 after acquiring an additional 169 shares during the period. Raymond James Financial Inc. acquired a new stake in Invesco CurrencyShares Australian Dollar Trust in the 2nd quarter valued at approximately $33,000. Bank of America Corp DE increased its stake in Invesco CurrencyShares Australian Dollar Trust by 147.0% during the 3rd quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 522 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in Invesco CurrencyShares Australian Dollar Trust by 246.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 865 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 615 shares during the period.

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.