Oppenheimer & Co. Inc. Makes New Investment in Invesco CurrencyShares Canadian Dollar Trust $FXC

Oppenheimer & Co. Inc. acquired a new position in Invesco CurrencyShares Canadian Dollar Trust (NYSEARCA:FXC) during the fourth quarter, HoldingsChannel reports. The fund acquired 11,995 shares of the exchange traded fund’s stock, valued at approximately $854,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in Invesco CurrencyShares Canadian Dollar Trust by 8,401.4% in the first quarter. Royal Bank of Canada now owns 59,935 shares of the exchange traded fund’s stock worth $4,075,000 after purchasing an additional 59,230 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in Invesco CurrencyShares Canadian Dollar Trust by 17.8% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 34,314 shares of the exchange traded fund’s stock worth $2,442,000 after purchasing an additional 5,176 shares in the last quarter. Virtu Financial LLC boosted its stake in Invesco CurrencyShares Canadian Dollar Trust by 163.1% in the third quarter. Virtu Financial LLC now owns 22,164 shares of the exchange traded fund’s stock worth $1,557,000 after purchasing an additional 13,741 shares in the last quarter. Bank of America Corp DE boosted its stake in Invesco CurrencyShares Canadian Dollar Trust by 54.7% in the second quarter. Bank of America Corp DE now owns 6,690 shares of the exchange traded fund’s stock worth $480,000 after purchasing an additional 2,366 shares in the last quarter. Finally, MAI Capital Management boosted its stake in Invesco CurrencyShares Canadian Dollar Trust by 88,750.0% in the third quarter. MAI Capital Management now owns 3,554 shares of the exchange traded fund’s stock worth $250,000 after purchasing an additional 3,550 shares in the last quarter.

Invesco CurrencyShares Canadian Dollar Trust Price Performance

Invesco CurrencyShares Canadian Dollar Trust stock opened at $71.56 on Friday. The business’s fifty day moving average is $71.19 and its two-hundred day moving average is $70.82. Invesco CurrencyShares Canadian Dollar Trust has a 52 week low of $69.08 and a 52 week high of $72.47.

Invesco CurrencyShares Canadian Dollar Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were paid a $0.0069 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 0.1%.

Invesco CurrencyShares Canadian Dollar Trust Profile

Guggenheim CurrencyShares Canadian Dollar Trust, formerly CurrencyShares Canadian Dollar Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Canadian dollars and distributes Canadian dollars in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Canadian Dollars. The Bank of New York Mellon serves as the Trustee. The Trust’s sponsor is Rydex Specialized Products LLC, which is doing business as Rydex Investments.