Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Stock Pass Above 50 Day Moving Average – Time to Sell?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $122.81 and traded as high as $124.84. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $124.62, with a volume of 24,708 shares trading hands.

Invesco CurrencyShares British Pound Sterling Trust Stock Up 0.9 %

The stock has a 50 day moving average of $122.93 and a two-hundred day moving average of $122.48.

Institutional Trading of Invesco CurrencyShares British Pound Sterling Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC purchased a new position in Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter valued at approximately $217,000. Mesirow Financial Investment Management Inc. purchased a new position in shares of Invesco CurrencyShares British Pound Sterling Trust in the fourth quarter valued at $356,000. Capasso Planning Partners LLC acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter worth $767,000. Jane Street Group LLC boosted its position in shares of Invesco CurrencyShares British Pound Sterling Trust by 28.8% in the 4th quarter. Jane Street Group LLC now owns 25,544 shares of the exchange traded fund’s stock worth $3,079,000 after buying an additional 5,706 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Invesco CurrencyShares British Pound Sterling Trust in the 4th quarter valued at about $5,136,000.

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.