Independent Advisor Alliance Takes $294,000 Position in Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY)

Independent Advisor Alliance acquired a new stake in Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,565 shares of the exchange traded fund’s stock, valued at approximately $294,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Wealth Advisors LLC grew its position in Invesco CurrencyShares Japanese Yen Trust by 54.9% in the 3rd quarter. Private Wealth Advisors LLC now owns 59,809 shares of the exchange traded fund’s stock valued at $3,850,000 after purchasing an additional 21,204 shares during the period. Pekin Hardy Strauss Inc. increased its position in shares of Invesco CurrencyShares Japanese Yen Trust by 174.8% during the third quarter. Pekin Hardy Strauss Inc. now owns 21,789 shares of the exchange traded fund’s stock worth $1,401,000 after acquiring an additional 13,859 shares in the last quarter. HBW Advisory Services LLC acquired a new stake in shares of Invesco CurrencyShares Japanese Yen Trust in the 3rd quarter worth about $745,000. Marathon Trading Investment Management LLC bought a new position in Invesco CurrencyShares Japanese Yen Trust in the 2nd quarter valued at about $431,000. Finally, Walleye Trading LLC acquired a new position in Invesco CurrencyShares Japanese Yen Trust during the 1st quarter valued at about $306,000.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

Shares of FXY opened at $61.12 on Friday. Invesco CurrencyShares Japanese Yen Trust has a 52 week low of $57.17 and a 52 week high of $66.12. The stock has a 50 day moving average price of $61.45 and a two-hundred day moving average price of $60.94. The firm has a market capitalization of $382 million, a P/E ratio of -111.06 and a beta of 0.10.

Invesco CurrencyShares Japanese Yen Trust Company Profile

Guggenheim CurrencyShares Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Japanese Yen plus accrued interest, if any, less the expenses of the Trust’s operations.