Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) Stock Pass Below 50 Day Moving Average of $119.56

Shares of Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB – Get Rating) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $119.56 and traded as low as $118.46. Invesco CurrencyShares British Pound Sterling Trust shares last traded at $118.54, with a volume of 28,011 shares traded.

Invesco CurrencyShares British Pound Sterling Trust Price Performance

The company’s 50-day simple moving average is $119.56 and its two-hundred day simple moving average is $117.35.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc bought a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the 4th quarter valued at $58,000. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter valued at $104,000. Royal Bank of Canada raised its position in shares of Invesco CurrencyShares British Pound Sterling Trust by 417.5% during the 3rd quarter. Royal Bank of Canada now owns 1,035 shares of the exchange traded fund’s stock valued at $111,000 after purchasing an additional 835 shares during the period. Elmwood Wealth Management Inc. bought a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the 3rd quarter valued at $215,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Invesco CurrencyShares British Pound Sterling Trust during the 4th quarter valued at $267,000.

About Invesco CurrencyShares British Pound Sterling Trust

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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.