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

Invesco CurrencyShares Australian Dollar Trust (NYSEARCA:FXA)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $62.78 and traded as high as $65.11. Invesco CurrencyShares Australian Dollar Trust shares last traded at $65.07, with a volume of 19,946 shares.

Invesco CurrencyShares Australian Dollar Trust Price Performance

The firm has a fifty day moving average of $64.14 and a 200-day moving average of $62.78.

Hedge Funds Weigh In On Invesco CurrencyShares Australian Dollar Trust

Several institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC grew 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 buying an additional 898 shares in the last quarter. Cresset Asset Management LLC boosted its position in Invesco CurrencyShares Australian Dollar Trust by 7.9% during 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 period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Invesco CurrencyShares Australian Dollar Trust in the fourth quarter worth $5,100,000.

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.