Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Stock Pass Below 200 Day Moving Average – Here’s What Happened

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $107.81 and traded as low as $106.83. Invesco CurrencyShares Euro Trust shares last traded at $107.23, with a volume of 459,773 shares traded.

Invesco CurrencyShares Euro Trust Stock Performance

The firm has a market cap of $439.11 million, a P/E ratio of -92.16 and a beta of 0.17. The company has a 50-day moving average of $107.46 and a 200 day moving average of $107.80.

Invesco CurrencyShares Euro Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were given a dividend of $0.0635 per share. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, May 1st.

Hedge Funds Weigh In On Invesco CurrencyShares Euro Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nvwm LLC raised its position in Invesco CurrencyShares Euro Trust by 7.1% in the 4th quarter. Nvwm LLC now owns 1,425 shares of the exchange traded fund’s stock valued at $155,000 after purchasing an additional 95 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Invesco CurrencyShares Euro Trust by 3.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,312 shares of the exchange traded fund’s stock valued at $356,000 after purchasing an additional 98 shares during the last quarter. Fiduciary Financial Group LLC raised its position in Invesco CurrencyShares Euro Trust by 2.7% in the 4th quarter. Fiduciary Financial Group LLC now owns 3,812 shares of the exchange traded fund’s stock valued at $413,000 after purchasing an additional 102 shares during the last quarter. Haven Private LLC raised its position in Invesco CurrencyShares Euro Trust by 1.5% in the 3rd quarter. Haven Private LLC now owns 7,872 shares of the exchange traded fund’s stock valued at $853,000 after purchasing an additional 114 shares during the last quarter. Finally, Tsfg LLC bought a new position in Invesco CurrencyShares Euro Trust in the 3rd quarter valued at $25,000.

Invesco CurrencyShares Euro Trust Company Profile

Guggenheim CurrencyShares Euro Trust, formerly CurrencyShares Euro Trust, is a grantor trust. The Trust issues shares (the Shares) in blocks of 50,000 (a Basket) in exchange for deposits of euro and distributes euro in connection with the redemption of Baskets. The investment objective of the Trust is for the Shares to reflect the price of euro plus accrued interest. The Shares are intended to offer investors an opportunity to participate in the market for the euro through an investment in securities.