Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Share Price Pass Below Two Hundred Day Moving Average – Here’s What Happened

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) crossed 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 traded.

Invesco CurrencyShares Euro Trust Price Performance

The stock has a market capitalization of $332.67 million, a PE ratio of -92.16 and a beta of 0.17. The company has a 50 day moving average price of $106.39 and a 200-day moving average price of $107.45.

Invesco CurrencyShares Euro Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.0701 per share. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, July 1st. This is an increase from Invesco CurrencyShares Euro Trust’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On Invesco CurrencyShares Euro Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in shares of Invesco CurrencyShares Euro Trust by 58.7% during the 1st 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 in the last quarter. Royal Bank of Canada raised its stake in 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 worth $1,514,000 after buying an additional 3,885 shares in the last quarter. Cannell & Spears LLC purchased a new stake in Invesco CurrencyShares Euro Trust in the first quarter worth about $242,000. Rockefeller Capital Management L.P. lifted its holdings in Invesco CurrencyShares Euro Trust by 131.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,825 shares of the exchange traded fund’s stock worth $632,000 after buying an additional 3,309 shares during the period. Finally, Compound Planning Inc. bought a new stake in Invesco CurrencyShares Euro Trust during the 4th quarter valued at approximately $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.