Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Pass Below Fifty Day Moving Average – Should You Sell?

by · The Cerbat Gem

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $125.99 and traded as low as $123.67. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $123.69, with a volume of 4,232 shares traded.

Invesco CurrencyShares British Pound Sterling Trust Trading Down 0.4 %

The stock has a fifty day moving average of $125.99 and a 200-day moving average of $124.05.

Institutional Inflows and Outflows

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

About Invesco CurrencyShares British Pound Sterling Trust

(Get Free Report)

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.

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