Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Shares Pass Below 200-Day Moving Average – What’s Next?

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) shares passed 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 changing hands.

Invesco CurrencyShares Euro Trust Price Performance

The company has a market cap of $332.55 million, a PE ratio of -92.16 and a beta of 0.17. The company’s 50 day simple moving average is $106.45 and its two-hundred day simple moving average is $107.46.

Invesco CurrencyShares Euro Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, July 1st were issued a $0.0701 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 0.8%. This is an increase 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 the stock. Bank of America Corp DE raised its position in Invesco CurrencyShares Euro Trust by 58.7% in the first quarter. Bank of America Corp DE now owns 35,723 shares of the exchange traded fund’s stock valued at $3,811,000 after purchasing an additional 13,215 shares during the period. Royal Bank of Canada grew its stake in shares of Invesco CurrencyShares Euro Trust by 37.7% in the first quarter. Royal Bank of Canada now owns 14,184 shares of the exchange traded fund’s stock valued at $1,514,000 after buying an additional 3,885 shares in the last quarter. Cannell & Spears LLC purchased a new stake in shares of Invesco CurrencyShares Euro Trust in the 1st quarter valued at $242,000. Rockefeller Capital Management L.P. raised its holdings in shares of Invesco CurrencyShares Euro Trust by 131.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,825 shares of the exchange traded fund’s stock valued at $632,000 after buying an additional 3,309 shares during the period. Finally, Compound Planning Inc. acquired a new position in Invesco CurrencyShares Euro Trust during the 4th quarter worth about $215,000.

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.