Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) Share Price Pass Above 200-Day Moving Average – Here’s Why

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $62.67 and traded as high as $64.70. Invesco CurrencyShares Australian Dollar Trust shares last traded at $64.40, with a volume of 29,261 shares traded.

Invesco CurrencyShares Australian Dollar Trust Price Performance

The business has a 50-day moving average price of $63.73 and a 200 day moving average price of $62.67.

Institutional Trading of Invesco CurrencyShares Australian Dollar Trust

A number of hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its holdings in Invesco CurrencyShares Australian Dollar Trust by 15.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,792 shares of the exchange traded fund’s stock worth $417,000 after acquiring an additional 898 shares during the last quarter. Cresset Asset Management LLC raised its holdings in Invesco CurrencyShares Australian Dollar Trust by 7.9% in the 1st quarter. Cresset Asset Management LLC now owns 76,651 shares of the exchange traded fund’s stock worth $4,746,000 after acquiring an additional 5,589 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Invesco CurrencyShares Australian Dollar Trust in the 4th quarter worth approximately $5,100,000.

Invesco CurrencyShares Australian Dollar Trust Company Profile

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.