Invesco CurrencyShares Euro Trust $FXE Shares Sold by UBS Group AG

UBS Group AG reduced its position in Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) by 35.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,748 shares of the exchange traded fund’s stock after selling 11,211 shares during the period. UBS Group AG owned approximately 0.55% of Invesco CurrencyShares Euro Trust worth $2,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FXE. Royal Bank of Canada lifted its stake in shares of Invesco CurrencyShares Euro Trust by 1,839.3% in the 1st quarter. Royal Bank of Canada now owns 10,860 shares of the exchange traded fund’s stock valued at $1,085,000 after purchasing an additional 10,300 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Invesco CurrencyShares Euro Trust in the 1st quarter valued at about $1,084,000. Geneos Wealth Management Inc. acquired a new position in shares of Invesco CurrencyShares Euro Trust in the 1st quarter valued at about $25,000. Creative Planning acquired a new position in shares of Invesco CurrencyShares Euro Trust in the 2nd quarter valued at about $418,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Invesco CurrencyShares Euro Trust in the 2nd quarter valued at about $262,000.

Invesco CurrencyShares Euro Trust Stock Performance

Shares of NYSEARCA:FXE opened at $107.31 on Thursday. The company has a market cap of $439.97 million, a P/E ratio of -92.16 and a beta of 0.17. Invesco CurrencyShares Euro Trust has a one year low of $104.18 and a one year high of $111.54. The business’s 50-day simple moving average is $107.54 and its 200 day simple moving average is $107.84.

Invesco CurrencyShares Euro Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were issued a dividend of $0.0635 per share. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, May 1st.

Invesco CurrencyShares Euro Trust Profile

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.