Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $123.12 and traded as low as $120.67. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $120.98, with a volume of 5,168 shares trading hands.

Invesco CurrencyShares British Pound Sterling Trust Stock Performance

The firm’s 50-day moving average price is $123.03 and its 200 day moving average price is $124.07.

Institutional Investors Weigh In On Invesco CurrencyShares British Pound Sterling Trust

A number of institutional investors have recently made changes to their positions in the stock. Worth Asset Management LLC bought a new position in Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter worth approximately $585,000. Flow Traders U.S. LLC bought a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the third quarter worth $1,018,000. Capasso Planning Partners LLC acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter valued at $767,000. International Assets Investment Management LLC increased its position in shares of Invesco CurrencyShares British Pound Sterling Trust by 33,946.7% in the 3rd quarter. International Assets Investment Management LLC now owns 25,535 shares of the exchange traded fund’s stock valued at $3,289,000 after buying an additional 25,460 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust in the 3rd quarter valued at $217,000.

About Invesco CurrencyShares British Pound Sterling Trust

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.