Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Share Price Break Below 200-Day Moving Average – Time to Sell?

by · The Markets Daily

Shares of Invesco CurrencyShares Euro Trust (NYSEARCA:FXE – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $106.34 and traded as low as $103.30. Invesco CurrencyShares Euro Trust shares last traded at $103.53, with a volume of 74,460 shares traded.

Invesco CurrencyShares Euro Trust Trading Down 0.2%

The firm’s 50-day moving average is $105.54 and its two-hundred day moving average is $106.32. The stock has a market cap of $330.72 million, a price-to-earnings ratio of -92.16 and a beta of 0.17.

Hedge Funds Weigh In On Invesco CurrencyShares Euro Trust

Several hedge funds and other institutional investors have recently made changes to their positions in FXE. Bank of America Corp DE increased its position in shares of Invesco CurrencyShares Euro Trust by 58.7% during the first quarter. Bank of America Corp DE now owns 35,723 shares of the exchange traded fund’s stock worth $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 1st quarter. Royal Bank of Canada now owns 14,184 shares of the exchange traded fund’s stock valued at $1,514,000 after purchasing an additional 3,885 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in 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 purchasing an additional 3,309 shares in the last quarter. Corient Private Wealth LP lifted its holdings in Invesco CurrencyShares Euro Trust by 41.0% in the 2nd quarter. Corient Private Wealth LP now owns 3,300 shares of the exchange traded fund’s stock valued at $348,000 after purchasing an additional 959 shares in the last quarter. Finally, Cannell & Spears LLC purchased a new position in Invesco CurrencyShares Euro Trust in the 1st quarter valued at $242,000.

Invesco CurrencyShares Euro Trust Company Profile

(Get Free Report)

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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