Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Invesco CurrencyShares Euro Trust (NYSEARCA:FXE)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $106.46 and traded as low as $102.60. Invesco CurrencyShares Euro Trust shares last traded at $102.98, with a volume of 47,916 shares trading hands.

Invesco CurrencyShares Euro Trust Stock Up 0.3%

The stock’s fifty day moving average price is $105.90 and its 200-day moving average price is $106.44. The company has a market capitalization of $332 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 institutional investors and hedge funds have recently made changes to their positions in FXE. Integrated Wealth Concepts LLC acquired a new position in shares of Invesco CurrencyShares Euro Trust in the second quarter valued at about $39,000. Cannell & Spears LLC bought a new position in Invesco CurrencyShares Euro Trust during the 1st quarter worth $242,000. Corient Private Wealth LP lifted its position in shares of 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 acquiring an additional 959 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of 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 purchasing an additional 3,309 shares during the period. Finally, Royal Bank of Canada increased its holdings 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 buying an additional 3,885 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.