Invesco CurrencyShares Euro Trust $FXE Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in shares of Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) by 66.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,700 shares of the exchange traded fund’s stock after selling 25,073 shares during the period. Oppenheimer & Co. Inc. owned 0.31% of Invesco CurrencyShares Euro Trust worth $1,377,000 at the end of the most recent quarter.

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

Invesco CurrencyShares Euro Trust Stock Down 0.0%

Invesco CurrencyShares Euro Trust stock opened at $107.88 on Wednesday. The company has a fifty day simple moving average of $107.47 and a 200-day simple moving average of $107.75. The firm has a market capitalization of $442.31 million, a price-to-earnings ratio of -92.16 and a beta of 0.17. Invesco CurrencyShares Euro Trust has a 52-week low of $102.12 and a 52-week high of $111.54.

Invesco CurrencyShares Euro Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 7th. Investors of record on Friday, May 1st will be given a dividend of $0.0635 per share. The ex-dividend date is Friday, May 1st. This represents a c) dividend on an annualized basis and a 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.