Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Shares of Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $107.85 and traded as low as $106.17. Invesco CurrencyShares Euro Trust shares last traded at $106.88, with a volume of 85,612 shares traded.

Invesco CurrencyShares Euro Trust Stock Performance

The firm has a market capitalization of $438.21 million, a PE ratio of -92.16 and a beta of 0.17. The company has a fifty day simple moving average of $107.63 and a two-hundred day simple moving average of $107.85.

Invesco CurrencyShares Euro Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, June 1st were issued a $0.0653 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 0.7%. This is a positive change from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.06.

Institutional Investors Weigh In On Invesco CurrencyShares Euro Trust

Several hedge funds have recently made changes to their positions in FXE. Avalon Capital Management bought a new position in shares of Invesco CurrencyShares Euro Trust in the 4th quarter worth $538,000. Greenspring Advisors LLC raised its position in shares of Invesco CurrencyShares Euro Trust by 11.1% in the 4th quarter. Greenspring Advisors LLC now owns 4,964 shares of the exchange traded fund’s stock worth $538,000 after acquiring an additional 496 shares in the last quarter. Summit Place Financial Advisors LLC raised its position in shares of Invesco CurrencyShares Euro Trust by 13.3% in the 4th quarter. Summit Place Financial Advisors LLC now owns 20,300 shares of the exchange traded fund’s stock worth $2,202,000 after acquiring an additional 2,380 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of Invesco CurrencyShares Euro Trust in the 4th quarter worth $27,000. Finally, Altfest L J & Co. Inc. bought a new position in shares of Invesco CurrencyShares Euro Trust in the 4th quarter worth $254,000.

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. The Shares are intended to offer investors an opportunity to participate in the market for the euro through an investment in securities.