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

Shares of Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $98.97 and traded as low as $95.45. Invesco CurrencyShares Euro Trust shares last traded at $95.93, with a volume of 75,431 shares trading hands.

Invesco CurrencyShares Euro Trust Trading Up 0.3 %

The stock has a market capitalization of $177.47 million, a P/E ratio of -88.15 and a beta of 0.22. The business has a fifty day simple moving average of $95.93 and a 200 day simple moving average of $98.97.

Institutional Investors Weigh In On Invesco CurrencyShares Euro Trust

Several institutional investors have recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in Invesco CurrencyShares Euro Trust by 68.7% during the fourth quarter. LPL Financial LLC now owns 4,938 shares of the exchange traded fund’s stock worth $472,000 after purchasing an additional 2,011 shares during the last quarter. Virtu Financial LLC lifted its position in shares of Invesco CurrencyShares Euro Trust by 8.8% during the 4th quarter. Virtu Financial LLC now owns 42,482 shares of the exchange traded fund’s stock worth $4,064,000 after buying an additional 3,452 shares in the last quarter. Berkeley Capital Partners LLC purchased a new position in shares of Invesco CurrencyShares Euro Trust in the 4th quarter worth approximately $394,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Invesco CurrencyShares Euro Trust in the fourth quarter valued at approximately $5,350,000. Finally, Choreo LLC purchased a new stake in shares of Invesco CurrencyShares Euro Trust during the fourth quarter valued at approximately $220,000.

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.