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

Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $120.18 and traded as high as $120.32. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $120.13, with a volume of 4,410 shares.

Invesco CurrencyShares British Pound Sterling Trust Stock Up 0.1 %

The firm has a fifty day moving average of $120.18 and a two-hundred day moving average of $123.25.

Institutional Investors Weigh In On Invesco CurrencyShares British Pound Sterling Trust

Several large investors have recently added to or reduced their stakes in FXB. HighTower Advisors LLC purchased a new position in Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter valued at about $217,000. Worth Asset Management LLC purchased a new position in Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter valued at about $585,000. Capasso Planning Partners LLC purchased a new position in Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter valued at about $767,000. Flow Traders U.S. LLC bought a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter valued at about $1,018,000. Finally, International Assets Investment Management LLC boosted its position in shares of Invesco CurrencyShares British Pound Sterling Trust by 33,946.7% during 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 acquiring an additional 25,460 shares during 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.