Wolverine Asset Management LLC Sells 5,000 Shares of Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)

Wolverine Asset Management LLC cut its position in Invesco CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 79,000 shares of the exchange traded fund’s stock after selling 5,000 shares during the period. Wolverine Asset Management LLC owned 0.11% of Invesco CurrencyShares British Pound Sterling Trust worth $9,700,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FXB. International Assets Investment Management LLC acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the fourth quarter valued at about $1,131,000. Worth Asset Management LLC acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the fourth quarter valued at about $920,000. Brookstone Capital Management acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the fourth quarter valued at about $259,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Invesco CurrencyShares British Pound Sterling Trust during the fourth quarter valued at about $51,000.

Invesco CurrencyShares British Pound Sterling Trust Stock Performance

Shares of FXB traded up $0.80 during mid-day trading on Tuesday, hitting $119.69. 9,018 shares of the company traded hands, compared to its average volume of 25,558. Invesco CurrencyShares British Pound Sterling Trust has a 1-year low of $115.94 and a 1-year high of $126.35. The business has a 50 day moving average of $121.52 and a 200 day moving average of $120.82.

Invesco CurrencyShares British Pound Sterling Trust Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, April 8th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.3353 per share. The ex-dividend date was Monday, April 1st. This is an increase from Invesco CurrencyShares British Pound Sterling Trust’s previous dividend of $0.28.

Invesco CurrencyShares British Pound Sterling Trust Profile

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.