PFG Investments LLC Makes New Investment in Invesco CurrencyShares Australian Dollar Trust $FXA

PFG Investments LLC purchased a new stake in Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,534 shares of the exchange traded fund’s stock, valued at approximately $515,000. PFG Investments LLC owned about 0.50% of Invesco CurrencyShares Australian Dollar Trust at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. bought a new position in shares of Invesco CurrencyShares Australian Dollar Trust during the fourth quarter worth about $359,000. Commonwealth Equity Services LLC acquired a new stake in Invesco CurrencyShares Australian Dollar Trust during the 4th quarter valued at approximately $260,000. Cibc World Market Inc. raised its holdings in Invesco CurrencyShares Australian Dollar Trust by 427.3% during the 4th quarter. Cibc World Market Inc. now owns 93,337 shares of the exchange traded fund’s stock worth $6,170,000 after purchasing an additional 75,637 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Invesco CurrencyShares Australian Dollar Trust during the 3rd quarter worth approximately $487,000. Finally, Bank of America Corp DE lifted its position in shares of Invesco CurrencyShares Australian Dollar Trust by 147.0% in the 3rd quarter. Bank of America Corp DE now owns 877 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 522 shares during the period.

Invesco CurrencyShares Australian Dollar Trust Stock Down 0.3%

NYSEARCA:FXA opened at $68.60 on Wednesday. Invesco CurrencyShares Australian Dollar Trust has a 52 week low of $63.55 and a 52 week high of $72.02. The firm’s fifty day moving average is $70.16 and its 200-day moving average is $69.27.

Invesco CurrencyShares Australian Dollar Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st will be issued a $0.087 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, July 1st.

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.