Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Stock Price Cross Below Fifty Day Moving Average – Time to Sell?

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-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.

Invesco CurrencyShares British Pound Sterling Trust Stock Up 0.6 %

The company has a 50 day moving average of $123.12 and a 200-day moving average of $124.08.

Institutional Trading of Invesco CurrencyShares British Pound Sterling Trust

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

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.