Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Stock Cross Below 200 Day Moving Average of $99.84

Posted by Defense World Staff on Apr 27th, 2024

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $99.84 and traded as low as $98.67. Invesco CurrencyShares Euro Trust shares last traded at $98.90, with a volume of 18,983 shares trading hands.

Invesco CurrencyShares Euro Trust Price Performance

The stock has a market capitalization of $182.97 million, a P/E ratio of -87.41 and a beta of 0.21. The company has a fifty day moving average of $99.81 and a two-hundred day moving average of $99.84.

Invesco CurrencyShares Euro Trust Increases Dividend

The business also recently announced a dividend, which was paid on Monday, April 8th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.1973 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a positive change from Invesco CurrencyShares Euro Trust’s previous dividend of $0.14.

Hedge Funds Weigh In On Invesco CurrencyShares Euro Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FXE. Western Pacific Wealth Management LP acquired a new stake in Invesco CurrencyShares Euro Trust in the third quarter worth approximately $49,000. Cerity Partners LLC acquired a new stake in Invesco CurrencyShares Euro Trust during the 4th quarter valued at $348,000. Janney Montgomery Scott LLC acquired a new stake in Invesco CurrencyShares Euro Trust during the 3rd quarter valued at $522,000. Hsbc Holdings PLC acquired a new stake in Invesco CurrencyShares Euro Trust during the 3rd quarter valued at $1,057,000. Finally, Commonwealth Equity Services LLC raised its stake in Invesco CurrencyShares Euro Trust by 1.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 12,073 shares of the exchange traded fund’s stock valued at $1,180,000 after purchasing an additional 121 shares during the period.

About Invesco CurrencyShares Euro Trust

(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.