Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Reaches New 52-Week High – Time to Buy?

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) shares reached a new 52-week high on Wednesday . The company traded as high as $53.42 and last traded at $53.05, with a volume of 19184 shares trading hands. The stock had previously closed at $53.03.

Xtrackers MSCI Europe Hedged Equity ETF Stock Performance

The firm has a market capitalization of $787.79 million, a P/E ratio of 16.40 and a beta of 0.62. The business has a fifty day moving average of $51.24 and a 200-day moving average of $49.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ascentis Independent Advisors acquired a new position in shares of Xtrackers MSCI Europe Hedged Equity ETF during the first quarter valued at $76,000. Cooksen Wealth LLC raised its holdings in Xtrackers MSCI Europe Hedged Equity ETF by 31.6% during the second quarter. Cooksen Wealth LLC now owns 47,785 shares of the company’s stock worth $2,106,000 after purchasing an additional 11,466 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Xtrackers MSCI Europe Hedged Equity ETF by 149.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 109,825 shares of the company’s stock valued at $4,842,000 after purchasing an additional 65,754 shares in the last quarter.

Xtrackers MSCI Europe Hedged Equity ETF Company Profile

The Xtrackers MSCI Europe Hedged Equity ETF (DBEU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted and currency-hedged index of companies in developed Europe. DBEU was launched on Oct 1, 2013 and is managed by Xtrackers.