Pekin Hardy Strauss Inc. Grows Stock Position in Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY)

Pekin Hardy Strauss Inc. boosted its holdings in shares of Invesco CurrencyShares Japanese Yen Trust (NYSEARCA:FXY) by 84.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,405 shares of the exchange traded fund’s stock after buying an additional 12,580 shares during the quarter. Pekin Hardy Strauss Inc. owned approximately 0.76% of Invesco CurrencyShares Japanese Yen Trust worth $1,804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FXY. Dynamic Advisor Solutions LLC purchased a new stake in Invesco CurrencyShares Japanese Yen Trust in the 4th quarter worth approximately $206,000. Delphi Financial Group Inc. purchased a new position in shares of Invesco CurrencyShares Japanese Yen Trust during the 3rd quarter valued at $435,000. Thomas J. Herzfeld Advisors Inc. boosted its holdings in Invesco CurrencyShares Japanese Yen Trust by 97.8% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 7,278 shares of the exchange traded fund’s stock worth $453,000 after buying an additional 3,598 shares during the period. Bordeaux Wealth Advisors LLC raised its holdings in Invesco CurrencyShares Japanese Yen Trust by 23.5% during the third quarter. Bordeaux Wealth Advisors LLC now owns 8,400 shares of the exchange traded fund’s stock valued at $522,000 after acquiring an additional 1,600 shares during the period. Finally, Checchi Capital Advisers LLC lifted its position in shares of Invesco CurrencyShares Japanese Yen Trust by 23.8% in the third quarter. Checchi Capital Advisers LLC now owns 8,992 shares of the exchange traded fund’s stock valued at $559,000 after acquiring an additional 1,731 shares in the last quarter.

Invesco CurrencyShares Japanese Yen Trust Price Performance

Shares of NYSEARCA:FXY traded down $0.66 during trading on Tuesday, hitting $58.70. 202,537 shares of the company’s stock were exchanged, compared to its average volume of 158,192. The business’s 50-day simple moving average is $61.15 and its 200 day simple moving average is $62.32. The company has a market cap of $352.20 million, a price-to-earnings ratio of -111.15 and a beta of 0.03. Invesco CurrencyShares Japanese Yen Trust has a 52-week low of $58.65 and a 52-week high of $69.70.

About Invesco CurrencyShares Japanese Yen Trust

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.