Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Stock Price Down 0.3% – Here’s What Happened

Shares of Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) were down 0.3% on Friday. The company traded as low as $101.70 and last traded at $101.71. Approximately 43,714 shares traded hands during trading, a decline of 71% from the average session volume of 150,717 shares. The stock had previously closed at $102.04.

Invesco CurrencyShares Euro Trust Stock Down 0.3%

The firm has a market cap of $325.47 million, a PE ratio of -92.16 and a beta of 0.18. The stock has a 50 day moving average price of $104.22 and a two-hundred day moving average price of $106.43.

Institutional Trading of Invesco CurrencyShares Euro Trust

A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Invesco CurrencyShares Euro Trust by 58.7% during the 1st quarter. Bank of America Corp DE now owns 35,723 shares of the exchange traded fund’s stock valued at $3,811,000 after purchasing an additional 13,215 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Invesco CurrencyShares Euro Trust by 37.7% in the first quarter. Royal Bank of Canada now owns 14,184 shares of the exchange traded fund’s stock worth $1,514,000 after buying an additional 3,885 shares during the last quarter. Cannell & Spears LLC purchased a new position in shares of Invesco CurrencyShares Euro Trust in the first quarter worth $242,000. Private Advisor Group LLC acquired a new stake in shares of Invesco CurrencyShares Euro Trust during the third quarter worth $351,000. Finally, HighTower Advisors LLC lifted its stake in shares of Invesco CurrencyShares Euro Trust by 160.8% during the third quarter. HighTower Advisors LLC now owns 7,904 shares of the exchange traded fund’s stock worth $826,000 after buying an additional 4,873 shares during the period.

About Invesco CurrencyShares Euro Trust

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.