Invesco CurrencyShares Euro Trust (NYSEARCA:FXE – Get Free Report) fell 0.3% during trading on Friday. The stock traded as low as $101.70 and last traded at $101.71. Approximately 43,714 shares traded hands during trading, a decline of 71% from the average daily volume of 150,717 shares. The stock had previously closed at $102.04.
Invesco CurrencyShares Euro Trust Stock Performance
The firm’s 50 day moving average is $104.22 and its 200 day moving average is $106.43. The stock has a market cap of $325.47 million, a P/E ratio of -92.16 and a beta of 0.18.
Hedge Funds Weigh In On Invesco CurrencyShares Euro Trust
Several institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in shares of Invesco CurrencyShares Euro Trust during the 3rd quarter valued at $351,000. Red Wave Investments LLC grew its stake in Invesco CurrencyShares Euro Trust by 410.4% during 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 stake in Invesco CurrencyShares Euro Trust by 160.8% during the 3rd quarter. HighTower Advisors LLC now owns 7,904 shares of the exchange traded fund’s stock worth $826,000 after buying an additional 4,873 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Invesco CurrencyShares Euro Trust during the 2nd quarter worth $39,000. Finally, Corient Private Wealth LP increased its position in Invesco CurrencyShares Euro Trust by 41.0% during the 2nd quarter. Corient Private Wealth LP now owns 3,300 shares of the exchange traded fund’s stock valued at $348,000 after buying an additional 959 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.
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