Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Stock Price Cross Below Two Hundred Day Moving Average – Here’s Why

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE)’s stock price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $106.34 and traded as low as $103.30. Invesco CurrencyShares Euro Trust shares last traded at $103.53, with a volume of 74,460 shares traded.

Invesco CurrencyShares Euro Trust Stock Performance

The firm has a market cap of $331.30 million, a P/E ratio of -92.16 and a beta of 0.17. The stock’s 50 day simple moving average is $105.61 and its 200 day simple moving average is $106.34.

Institutional Investors Weigh In On Invesco CurrencyShares Euro Trust

A number of institutional investors and hedge funds have recently bought and sold shares of FXE. Integrated Wealth Concepts LLC purchased a new position in Invesco CurrencyShares Euro Trust during the 2nd quarter worth $39,000. Cannell & Spears LLC purchased a new position in shares of Invesco CurrencyShares Euro Trust in the 1st quarter worth approximately $242,000. Corient Private Wealth LP lifted its holdings in Invesco CurrencyShares Euro Trust by 41.0% during the second quarter. Corient Private Wealth LP now owns 3,300 shares of the exchange traded fund’s stock worth $348,000 after acquiring an additional 959 shares during the period. Rockefeller Capital Management L.P. boosted its position in Invesco CurrencyShares Euro Trust by 131.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,825 shares of the exchange traded fund’s stock worth $632,000 after purchasing an additional 3,309 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in 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 purchasing an additional 3,885 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. The Shares are intended to offer investors an opportunity to participate in the market for the euro through an investment in securities.