Ping Capital Management Inc. Acquires Shares of 3,000 Invesco CurrencyShares Euro Trust (NYSEARCA:FXE)

Ping Capital Management Inc. acquired a new position in shares of Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,000 shares of the exchange traded fund’s stock, valued at approximately $287,000.

Several other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC increased its position in Invesco CurrencyShares Euro Trust by 302.6% during the 3rd quarter. Virtu Financial LLC now owns 39,030 shares of the exchange traded fund’s stock worth $4,015,000 after purchasing an additional 29,335 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Invesco CurrencyShares Euro Trust during the fourth quarter valued at about $1,029,000. SMART Wealth LLC bought a new stake in Invesco CurrencyShares Euro Trust during the 3rd quarter worth approximately $912,000. Flow Traders U.S. LLC increased its stake in shares of Invesco CurrencyShares Euro Trust by 131.2% in the third quarter. Flow Traders U.S. LLC now owns 5,729 shares of the exchange traded fund’s stock valued at $589,000 after buying an additional 3,251 shares during the period. Finally, GFS Advisors LLC lifted its stake in shares of Invesco CurrencyShares Euro Trust by 75.8% in the third quarter. GFS Advisors LLC now owns 3,222 shares of the exchange traded fund’s stock worth $331,000 after acquiring an additional 1,389 shares during the period.

Invesco CurrencyShares Euro Trust Stock Performance

Shares of NYSEARCA FXE opened at $95.84 on Wednesday. Invesco CurrencyShares Euro Trust has a 52-week low of $94.08 and a 52-week high of $103.54. The company’s 50 day moving average price is $96.12 and its 200-day moving average price is $99.16. The company has a market capitalization of $177.30 million, a P/E ratio of -88.15 and a beta of 0.22.

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.