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

Shares of Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) hit a new 52-week high on Wednesday . The stock traded as high as $55.17 and last traded at $55.14, with a volume of 30015 shares. The stock had previously closed at $54.66.

Xtrackers MSCI Europe Hedged Equity ETF Stock Performance

The business’s 50 day moving average price is $53.40 and its 200-day moving average price is $51.27. The firm has a market cap of $782.42 million, a price-to-earnings ratio of 16.40 and a beta of 0.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DBEU. Ameriprise Financial Inc. increased 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 purchasing an additional 65,754 shares during the period. Cooksen Wealth LLC raised its position in shares of Xtrackers MSCI Europe Hedged Equity ETF by 31.6% during the 2nd quarter. Cooksen Wealth LLC now owns 47,785 shares of the company’s stock worth $2,106,000 after buying an additional 11,466 shares in the last quarter. Finally, Ascentis Independent Advisors bought a new stake in shares of Xtrackers MSCI Europe Hedged Equity ETF during the 1st quarter worth about $76,000.

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.