Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) Stock Cross Below 200 Day Moving Average of $61.43

Shares of Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $61.43 and traded as low as $57.92. Invesco CurrencyShares Japanese Yen Trust shares last traded at $57.96, with a volume of 50,733 shares.

Invesco CurrencyShares Japanese Yen Trust Stock Performance

The stock has a market capitalization of $359.66 million, a P/E ratio of -111.06 and a beta of 0.10. The business has a 50-day moving average price of $59.14 and a 200 day moving average price of $61.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Delos Wealth Advisors LLC purchased a new stake in Invesco CurrencyShares Japanese Yen Trust during the 1st quarter valued at $67,000. Newbridge Financial Services Group Inc. raised its holdings in Invesco CurrencyShares Japanese Yen Trust by 60.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,600 shares of the exchange traded fund’s stock valued at $105,000 after buying an additional 600 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in Invesco CurrencyShares Japanese Yen Trust during the 4th quarter valued at $206,000. Walleye Trading LLC purchased a new stake in Invesco CurrencyShares Japanese Yen Trust during the 1st quarter valued at $306,000. Finally, Checchi Capital Advisers LLC increased its stake in Invesco CurrencyShares Japanese Yen Trust by 28.8% in the first quarter. Checchi Capital Advisers LLC now owns 7,557 shares of the exchange traded fund’s stock worth $463,000 after purchasing an additional 1,690 shares during the period.

Invesco CurrencyShares Japanese Yen Trust Company Profile

Guggenheim CurrencyShares Japanese Yen Trust, formerly CurrencyShares Japanese Yen Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of Japanese Yen and distributes Japanese Yen in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of Japanese Yen plus accrued interest, if any, less the expenses of the Trust’s operations.