J. Safra Sarasin Holding AG Reduces Holdings in Invesco CurrencyShares Euro Trust $FXE

J. Safra Sarasin Holding AG reduced its stake in Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) by 9.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,514 shares of the exchange traded fund’s stock after selling 3,493 shares during the period. J. Safra Sarasin Holding AG owned about 0.65% of Invesco CurrencyShares Euro Trust worth $3,864,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new position in shares of Invesco CurrencyShares Euro Trust in the first quarter worth approximately $25,000. Farther Finance Advisors LLC bought a new position in shares of Invesco CurrencyShares Euro Trust during the second quarter valued at about $30,000. Parallel Advisors LLC purchased a new stake in shares of Invesco CurrencyShares Euro Trust during the second quarter worth about $113,000. North Star Investment Management Corp. grew its stake in shares of Invesco CurrencyShares Euro Trust by 20.5% in the second quarter. North Star Investment Management Corp. now owns 1,383 shares of the exchange traded fund’s stock worth $150,000 after purchasing an additional 235 shares during the last quarter. Finally, Comerica Bank bought a new stake in shares of Invesco CurrencyShares Euro Trust in the first quarter worth about $185,000.

Invesco CurrencyShares Euro Trust Price Performance

FXE opened at $108.07 on Friday. The business has a 50 day simple moving average of $107.76 and a two-hundred day simple moving average of $105.78. The firm has a market capitalization of $551.16 million, a price-to-earnings ratio of -92.16 and a beta of 0.13. Invesco CurrencyShares Euro Trust has a one year low of $94.08 and a one year high of $110.01.

Invesco CurrencyShares Euro Trust 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.