Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Stock Price Cross Below Two Hundred Day Moving Average of $99.78

Shares of Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $99.78 and traded as low as $98.33. Invesco CurrencyShares Euro Trust shares last traded at $98.34, with a volume of 19,028 shares.

Invesco CurrencyShares Euro Trust Stock Up 0.1 %

The firm has a fifty day moving average price of $99.84 and a 200-day moving average price of $99.79. The firm has a market cap of $231.29 million, a price-to-earnings ratio of -90.02 and a beta of 0.13.

Invesco CurrencyShares Euro Trust Increases Dividend

The company also recently announced a dividend, which was paid on Monday, April 8th. Investors of record on Tuesday, April 2nd were issued a $0.1973 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from Invesco CurrencyShares Euro Trust’s previous dividend of $0.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its holdings in Invesco CurrencyShares Euro Trust by 11.2% in the third quarter. UBS Group AG now owns 92,796 shares of the exchange traded fund’s stock valued at $9,066,000 after acquiring an additional 9,324 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Invesco CurrencyShares Euro Trust in the third quarter valued at about $1,057,000. Janney Montgomery Scott LLC purchased a new position in Invesco CurrencyShares Euro Trust in the third quarter valued at about $522,000. Commonwealth Equity Services LLC raised its position in Invesco CurrencyShares Euro Trust by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 12,073 shares of the exchange traded fund’s stock valued at $1,180,000 after purchasing an additional 121 shares during the period. Finally, Western Pacific Wealth Management LP purchased a new position in Invesco CurrencyShares Euro Trust in the third quarter valued at about $49,000.

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.