Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Stock Price Cross Below 200 Day Moving Average – Should You Sell?

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 $107.85 and traded as low as $106.17. Invesco CurrencyShares Euro Trust shares last traded at $106.88, with a volume of 85,612 shares traded.

Invesco CurrencyShares Euro Trust Trading Down 0.0%

The stock has a market cap of $438.00 million, a P/E ratio of -92.16 and a beta of 0.17. The firm’s fifty day moving average is $107.63 and its 200 day moving average is $107.85.

Invesco CurrencyShares Euro Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 5th. Investors of record on Monday, June 1st were issued a $0.0653 dividend. This is a boost from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.06. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 0.7%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FXE. BNP Paribas Financial Markets bought a new position in shares of Invesco CurrencyShares Euro Trust during the 2nd quarter worth about $10,879,000. Empowered Funds LLC bought a new position in shares of Invesco CurrencyShares Euro Trust during the 4th quarter worth about $8,224,000. Virtu Financial LLC bought a new position in shares of Invesco CurrencyShares Euro Trust during the 3rd quarter worth about $2,981,000. Raymond James Financial Inc. increased its holdings in shares of 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 period. Finally, Creative Planning increased its holdings in shares of 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 period.

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.