Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Share Price Cross Below 50-Day Moving Average – What’s Next?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $126.40 and traded as low as $124.89. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $124.91, with a volume of 3,083 shares changing hands.

Invesco CurrencyShares British Pound Sterling Trust Trading Down 0.3 %

The business has a fifty day simple moving average of $126.40 and a two-hundred day simple moving average of $123.75.

Institutional Trading of Invesco CurrencyShares British Pound Sterling Trust

Hedge funds have recently modified their holdings of the business. Comerica Bank purchased a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the first quarter valued at approximately $36,000. Worth Asset Management LLC purchased a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter worth approximately $585,000. Finally, International Assets Investment Management LLC increased its position in Invesco CurrencyShares British Pound Sterling Trust by 33,946.7% during the 3rd quarter. International Assets Investment Management LLC now owns 25,535 shares of the exchange traded fund’s stock valued at $3,289,000 after buying an additional 25,460 shares in the last quarter.

Invesco CurrencyShares British Pound Sterling Trust Company Profile

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.