Shares of Invesco CurrencyShares Euro Trust (NYSEARCA:FXE – Get Free Report) fell 0.3% during trading on Friday. The company traded as low as $101.70 and last traded at $101.71. Approximately 43,714 shares were traded during mid-day trading, a decline of 71% from the average session volume of 150,717 shares. The stock had previously closed at $102.04.
Invesco CurrencyShares Euro Trust Stock Down 0.3%
The firm’s fifty day moving average price is $104.22 and its two-hundred day moving average price is $106.43. The stock has a market capitalization of $325.47 million, a PE ratio of -92.16 and a beta of 0.18.
Institutional Investors Weigh In On Invesco CurrencyShares Euro Trust
Large investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new stake in Invesco CurrencyShares Euro Trust during the 3rd quarter valued at $351,000. Red Wave Investments LLC boosted its stake in shares of Invesco CurrencyShares Euro Trust by 410.4% in the 3rd quarter. Red Wave Investments LLC now owns 25,461 shares of the exchange traded fund’s stock worth $2,662,000 after buying an additional 20,473 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Invesco CurrencyShares Euro Trust by 160.8% in the third quarter. HighTower Advisors LLC now owns 7,904 shares of the exchange traded fund’s stock worth $826,000 after acquiring an additional 4,873 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco CurrencyShares Euro Trust in the second quarter worth $39,000. Finally, Corient Private Wealth LP grew its holdings in shares of Invesco CurrencyShares Euro Trust by 41.0% in the second quarter. Corient Private Wealth LP now owns 3,300 shares of the exchange traded fund’s stock worth $348,000 after acquiring an additional 959 shares during the period.
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.
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