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

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $107.46 and traded as low as $105.49. Invesco CurrencyShares Euro Trust shares last traded at $105.57, with a volume of 69,770 shares.

Invesco CurrencyShares Euro Trust Price Performance

The company’s fifty day simple moving average is $106.45 and its 200-day simple moving average is $107.46. The firm has a market capitalization of $332.55 million, a PE ratio of -92.16 and a beta of 0.17.

Invesco CurrencyShares Euro Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were issued a $0.0701 dividend. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, July 1st. This is a positive change from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07.

Hedge Funds Weigh In On Invesco CurrencyShares Euro Trust

A number of hedge funds have recently made changes to their positions in FXE. BNP Paribas Financial Markets purchased a new stake in shares of Invesco CurrencyShares Euro Trust during the second quarter worth approximately $10,879,000. Empowered Funds LLC purchased a new position in Invesco CurrencyShares Euro Trust in the 4th quarter valued at $8,224,000. Virtu Financial LLC purchased a new position in Invesco CurrencyShares Euro Trust in the 3rd quarter valued at $2,981,000. Raymond James Financial Inc. boosted its stake in Invesco CurrencyShares Euro Trust by 37.3% during the 2nd quarter. Raymond James Financial Inc. now owns 93,269 shares of the exchange traded fund’s stock worth $10,147,000 after purchasing an additional 25,356 shares during the last quarter. Finally, Creative Planning boosted its stake in Invesco CurrencyShares Euro Trust by 631.9% during the 3rd quarter. Creative Planning now owns 28,114 shares of the exchange traded fund’s stock worth $3,047,000 after purchasing an additional 24,273 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.