Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Hits New 52-Week High – Here’s Why

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $50.78 and last traded at $50.72, with a volume of 111283 shares changing hands. The stock had previously closed at $50.15.

Xtrackers MSCI Europe Hedged Equity ETF Trading Up 0.6%

The firm has a market cap of $709.18 million, a P/E ratio of 16.40 and a beta of 0.71. The business’s fifty day simple moving average is $49.33 and its 200-day simple moving average is $47.45.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its holdings in Xtrackers MSCI Europe Hedged Equity ETF by 11.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 13,537 shares of the company’s stock worth $619,000 after buying an additional 1,365 shares during the period. Cooksen Wealth LLC raised its holdings in shares of Xtrackers MSCI Europe Hedged Equity ETF by 3.1% during the third quarter. Cooksen Wealth LLC now owns 49,276 shares of the company’s stock valued at $2,269,000 after acquiring an additional 1,491 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Xtrackers MSCI Europe Hedged Equity ETF by 149.2% during the second quarter. Ameriprise Financial Inc. now owns 109,825 shares of the company’s stock valued at $4,842,000 after acquiring an additional 65,754 shares in the last quarter. Finally, Flow Traders U.S. LLC lifted its stake in Xtrackers MSCI Europe Hedged Equity ETF by 289.7% in the second quarter. Flow Traders U.S. LLC now owns 98,510 shares of the company’s stock worth $4,342,000 after acquiring an additional 73,230 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.