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

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $107.34 and traded as low as $104.93. Invesco CurrencyShares Euro Trust shares last traded at $104.95, with a volume of 35,856 shares traded.

Invesco CurrencyShares Euro Trust Stock Performance

The stock has a market capitalization of $351.58 million, a PE ratio of -92.16 and a beta of 0.17. The stock has a 50-day moving average price of $106.11 and a two-hundred day moving average price of $107.34.

Invesco CurrencyShares Euro Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.0701 per share. This represents a c) dividend on an annualized basis 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

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in shares of Invesco CurrencyShares Euro Trust in the fourth quarter worth $27,000. Geneos Wealth Management Inc. purchased a new position in shares of Invesco CurrencyShares Euro Trust during the 1st quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in Invesco CurrencyShares Euro Trust in the 3rd quarter worth $90,000. Kestra Advisory Services LLC bought a new position in Invesco CurrencyShares Euro Trust in the 4th quarter worth $110,000. Finally, Osaic Holdings Inc. increased its stake in Invesco CurrencyShares Euro Trust by 33.8% in the 4th quarter. Osaic Holdings Inc. now owns 1,199 shares of the exchange traded fund’s stock worth $130,000 after buying an additional 303 shares in 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.