Shares of Invesco CurrencyShares Euro Trust (NYSEARCA:FXE – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $100.52 and traded as low as $99.68. Invesco CurrencyShares Euro Trust shares last traded at $99.68, with a volume of 11,412 shares trading hands.
Invesco CurrencyShares Euro Trust Price Performance
The firm has a fifty day moving average of $101.96 and a 200 day moving average of $100.52. The stock has a market capitalization of $185 million, a price-to-earnings ratio of -88.15 and a beta of 0.22.
Hedge Funds Weigh In On Invesco CurrencyShares Euro Trust
Hedge funds have recently made changes to their positions in the company. Voisard Asset Management Group Inc. acquired a new position in Invesco CurrencyShares Euro Trust during the second quarter worth about $85,000. Fiduciary Financial Group LLC acquired a new position in shares of Invesco CurrencyShares Euro Trust during the 2nd quarter valued at about $411,000. Commonwealth Equity Services LLC grew its holdings in shares of Invesco CurrencyShares Euro Trust by 1.3% in the first quarter. Commonwealth Equity Services LLC now owns 14,341 shares of the exchange traded fund’s stock valued at $1,430,000 after purchasing an additional 179 shares during the period. Finally, Leuthold Group LLC increased its position in Invesco CurrencyShares Euro Trust by 0.7% during the first quarter. Leuthold Group LLC now owns 45,912 shares of the exchange traded fund’s stock worth $4,578,000 after purchasing an additional 300 shares during the last quarter.
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.
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