Oppenheimer & Co. Inc. Cuts Stock Position in Invesco CurrencyShares Euro Trust $FXE

Oppenheimer & Co. Inc. trimmed its holdings in shares of Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) by 24.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,773 shares of the exchange traded fund’s stock after selling 12,488 shares during the period. Oppenheimer & Co. Inc.’s holdings in Invesco CurrencyShares Euro Trust were worth $4,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in shares of Invesco CurrencyShares Euro Trust during the second quarter worth about $10,879,000. Advisory Services Network LLC acquired a new position in Invesco CurrencyShares Euro Trust during the 2nd quarter worth approximately $4,796,000. Raymond James Financial Inc. boosted its holdings in Invesco CurrencyShares Euro Trust by 37.3% in the 2nd quarter. Raymond James Financial Inc. now owns 93,269 shares of the exchange traded fund’s stock worth $10,147,000 after acquiring an additional 25,356 shares during the period. Summit Place Financial Advisors LLC purchased a new position in Invesco CurrencyShares Euro Trust in the 3rd quarter worth approximately $1,942,000. Finally, Corient Private Wealth LLC acquired a new stake in Invesco CurrencyShares Euro Trust in the second quarter valued at approximately $1,889,000.

Invesco CurrencyShares Euro Trust Stock Down 0.2%

FXE opened at $109.57 on Thursday. The firm’s 50 day moving average is $108.43 and its 200-day moving average is $107.76. Invesco CurrencyShares Euro Trust has a 52-week low of $95.45 and a 52-week high of $111.54. The firm has a market capitalization of $471.15 million, a P/E ratio of -92.16 and a beta of 0.18.

Invesco CurrencyShares Euro Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were paid a dividend of $0.0663 per share. This is a positive change from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 0.7%.

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.