Invesco CurrencyShares Euro Trust (NYSEARCA:FXE – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $99.79 and traded as low as $99.45. Invesco CurrencyShares Euro Trust shares last traded at $99.57, with a volume of 6,693 shares changing hands.
Invesco CurrencyShares Euro Trust Price Performance
The stock’s 50-day moving average price is $100.60 and its 200-day moving average price is $99.77. The company has a market cap of $234.00 million, a P/E ratio of -90.02 and a beta of 0.13.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of FXE. Morgan Stanley raised its stake in Invesco CurrencyShares Euro Trust by 711.7% in the fourth quarter. Morgan Stanley now owns 236,412 shares of the exchange traded fund’s stock valued at $23,358,000 after purchasing an additional 207,285 shares in the last quarter. Captrust Financial Advisors acquired a new position in Invesco CurrencyShares Euro Trust in the second quarter valued at about $3,122,000. Goldman Sachs Group Inc. raised its stake in Invesco CurrencyShares Euro Trust by 31.7% during the second quarter. Goldman Sachs Group Inc. now owns 125,009 shares of the exchange traded fund’s stock worth $12,602,000 after acquiring an additional 30,125 shares in the last quarter. Comerica Bank acquired a new position in Invesco CurrencyShares Euro Trust during the third quarter worth about $2,461,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Invesco CurrencyShares Euro Trust during the third quarter worth about $1,984,000.
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.
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