Avalon Capital Management Buys New Shares in Invesco CurrencyShares Euro Trust $FXE

Avalon Capital Management purchased a new position in Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 4,959 shares of the exchange traded fund’s stock, valued at approximately $538,000.

Other large investors also recently modified their holdings of the company. Tsfg LLC bought a new position in shares of Invesco CurrencyShares Euro Trust in the 3rd quarter worth $25,000. Geneos Wealth Management Inc. purchased a new stake in Invesco CurrencyShares Euro Trust in the 1st quarter valued at $25,000. Farther Finance Advisors LLC purchased a new stake in Invesco CurrencyShares Euro Trust in the 4th quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new stake in Invesco CurrencyShares Euro Trust in the 3rd quarter valued at $90,000. Finally, Nvwm LLC raised its position in Invesco CurrencyShares Euro Trust by 7.1% in the 4th quarter. Nvwm LLC now owns 1,425 shares of the exchange traded fund’s stock valued at $155,000 after buying an additional 95 shares during the last quarter.

Invesco CurrencyShares Euro Trust Trading Down 0.3%

NYSEARCA FXE opened at $106.95 on Thursday. The firm has a market capitalization of $438.50 million, a P/E ratio of -92.16 and a beta of 0.17. The business has a fifty day simple moving average of $107.61 and a 200 day simple moving average of $107.85. Invesco CurrencyShares Euro Trust has a 12 month low of $104.99 and a 12 month high of $111.54.

Invesco CurrencyShares Euro Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 5th. Investors of record on Monday, June 1st will be given a $0.0653 dividend. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 1st. This is an increase from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.06.

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.