Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Share Price Cross Below 200 Day Moving Average – Here’s What Happened

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $129.24 and traded as low as $128.46. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $128.70, with a volume of 98,547 shares traded.

Invesco CurrencyShares British Pound Sterling Trust Stock Down 0.4%

The stock’s fifty day moving average price is $128.52 and its 200-day moving average price is $129.23.

Invesco CurrencyShares British Pound Sterling Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were issued a $0.2154 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 2.0%.

Institutional Investors Weigh In On Invesco CurrencyShares British Pound Sterling Trust

Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in Invesco CurrencyShares British Pound Sterling Trust during the second quarter worth $52,000. Cresset Asset Management LLC acquired a new stake in Invesco CurrencyShares British Pound Sterling Trust in the second quarter valued at $264,000. Raymond James Financial Inc. purchased a new position in shares of Invesco CurrencyShares British Pound Sterling Trust in the second quarter valued at $119,000. Jane Street Group LLC increased its position in shares of Invesco CurrencyShares British Pound Sterling Trust by 578.2% in the second quarter. Jane Street Group LLC now owns 23,737 shares of the exchange traded fund’s stock valued at $3,137,000 after buying an additional 20,237 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Invesco CurrencyShares British Pound Sterling Trust by 57.1% during the 2nd quarter. Bank of America Corp DE now owns 3,760 shares of the exchange traded fund’s stock worth $497,000 after buying an additional 1,367 shares during the last quarter.

About Invesco CurrencyShares British Pound Sterling Trust

Guggenheim CurrencyShares British Pound Sterling Trust, formerly CurrencyShares British Pound Sterling Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of British Pound Sterling and distributes British Pound Sterling in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of British Pound Sterling plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the British Pound Sterling through an investment in securities.