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

Shares of Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $107.34 and traded as low as $104.93. Invesco CurrencyShares Euro Trust shares last traded at $104.95, with a volume of 35,856 shares changing hands.

Invesco CurrencyShares Euro Trust Trading Down 0.1%

The stock’s 50 day moving average is $106.11 and its 200-day moving average is $107.34. The company has a market cap of $351.58 million, a P/E ratio of -92.16 and a beta of 0.17.

Invesco CurrencyShares Euro Trust Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FXE. Geneos Wealth Management Inc. bought a new position in Invesco CurrencyShares Euro Trust during the first quarter valued at approximately $25,000. Farther Finance Advisors LLC purchased a new stake in Invesco CurrencyShares Euro Trust during the fourth quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new stake in Invesco CurrencyShares Euro Trust during the third quarter valued at $90,000. Kestra Advisory Services LLC bought a new position in Invesco CurrencyShares Euro Trust in the fourth quarter valued at about $110,000. Finally, Osaic Holdings Inc. lifted its holdings in Invesco CurrencyShares Euro Trust by 33.8% in the fourth quarter. Osaic Holdings Inc. now owns 1,199 shares of the exchange traded fund’s stock valued at $130,000 after acquiring an additional 303 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.