Nvwm LLC bought a new position in Invesco CurrencyShares Euro Trust (NYSEARCA:FXE – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,201 shares of the exchange traded fund’s stock, valued at approximately $131,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new position in shares of Invesco CurrencyShares Euro Trust in the 1st quarter worth about $25,000. Farther Finance Advisors LLC purchased a new stake in Invesco CurrencyShares Euro Trust during the 2nd quarter valued at about $30,000. Parallel Advisors LLC bought a new stake in Invesco CurrencyShares Euro Trust during the 2nd quarter valued at about $113,000. North Star Investment Management Corp. increased its stake in Invesco CurrencyShares Euro Trust by 20.5% during the 2nd quarter. North Star Investment Management Corp. now owns 1,383 shares of the exchange traded fund’s stock valued at $150,000 after purchasing an additional 235 shares in the last quarter. Finally, Comerica Bank purchased a new position in Invesco CurrencyShares Euro Trust in the first quarter worth about $185,000.
Invesco CurrencyShares Euro Trust Stock Performance
Shares of NYSEARCA FXE opened at $106.67 on Friday. The firm’s 50 day moving average price is $107.66 and its 200-day moving average price is $106.78. Invesco CurrencyShares Euro Trust has a 52-week low of $94.08 and a 52-week high of $110.01. The company has a market cap of $458.68 million, a PE ratio of -92.16 and a beta of 0.18.
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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