UBS Group AG Reduces Stock Position in Invesco CurrencyShares Euro Trust $FXE

UBS Group AG cut its holdings in shares of Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) by 35.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,748 shares of the exchange traded fund’s stock after selling 11,211 shares during the quarter. UBS Group AG’s holdings in Invesco CurrencyShares Euro Trust were worth $2,250,000 at the end of the most recent quarter.

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

Invesco CurrencyShares Euro Trust Stock Down 0.0%

FXE stock opened at $107.31 on Thursday. Invesco CurrencyShares Euro Trust has a 52-week low of $104.18 and a 52-week high of $111.54. The stock’s 50 day moving average is $107.54 and its two-hundred day moving average is $107.84. The company has a market capitalization of $439.97 million, a PE ratio of -92.16 and a beta of 0.17.

Invesco CurrencyShares Euro Trust Cuts Dividend

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

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.