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

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) reached a new 52-week high during trading on Tuesday . The stock traded as high as $53.70 and last traded at $53.54, with a volume of 19236 shares trading hands. The stock had previously closed at $53.53.

Xtrackers MSCI Europe Hedged Equity ETF Stock Up 0.0%

The company has a market cap of $795.07 million, a PE ratio of 16.40 and a beta of 0.62. The business’s fifty day moving average is $51.52 and its 200-day moving average is $50.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ascentis Independent Advisors bought a new stake in shares of Xtrackers MSCI Europe Hedged Equity ETF during the 1st quarter valued at $76,000. Cooksen Wealth LLC raised its holdings in Xtrackers MSCI Europe Hedged Equity ETF by 31.6% in the 2nd 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 during the period. Finally, Ameriprise Financial Inc. raised its holdings in Xtrackers MSCI Europe Hedged Equity ETF by 149.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 109,825 shares of the company’s stock worth $4,842,000 after purchasing an additional 65,754 shares during the period.

About Xtrackers MSCI Europe Hedged Equity ETF

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.