Xtrackers MSCI EAFE High Dividend Yield Equity ETF (NYSEARCA:HDEF) Sees Large Volume Increase – Still a Buy?

Shares of Xtrackers MSCI EAFE High Dividend Yield Equity ETF (NYSEARCA:HDEF) saw strong trading volume on Friday . Approximately 1,495,639 shares changed hands during mid-day trading, an increase of 707% from the previous session’s volume of 185,314 shares.The stock last traded at $32.14 and had previously closed at $32.02.

Xtrackers MSCI EAFE High Dividend Yield Equity ETF Trading Up 0.2%

The company’s 50 day simple moving average is $32.67 and its 200-day simple moving average is $32.27. The firm has a market cap of $2.24 billion, a P/E ratio of 13.71 and a beta of 0.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in Xtrackers MSCI EAFE High Dividend Yield Equity ETF by 52.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 245,734 shares of the company’s stock worth $7,230,000 after purchasing an additional 85,060 shares during the period. Janney Montgomery Scott LLC increased its position in Xtrackers MSCI EAFE High Dividend Yield Equity ETF by 2,672.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 338,763 shares of the company’s stock valued at $10,498,000 after acquiring an additional 326,543 shares during the last quarter. ETF Portfolio Partners Inc. lifted its holdings in Xtrackers MSCI EAFE High Dividend Yield Equity ETF by 2.6% in the fourth quarter. ETF Portfolio Partners Inc. now owns 295,184 shares of the company’s stock valued at $9,148,000 after acquiring an additional 7,506 shares during the period. Captrust Financial Advisors lifted its holdings in Xtrackers MSCI EAFE High Dividend Yield Equity ETF by 16.7% in the second quarter. Captrust Financial Advisors now owns 48,997 shares of the company’s stock valued at $1,414,000 after acquiring an additional 7,000 shares during the period. Finally, Lodestone Wealth Management LLC bought a new stake in shares of Xtrackers MSCI EAFE High Dividend Yield Equity ETF during the 4th quarter valued at about $165,000.

Xtrackers MSCI EAFE High Dividend Yield Equity ETF Company Profile

The Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) is an exchange-traded fund that is based on the MSCI EAFE High Dividend Yield index. The fund tracks a cap-weighted index of developed country stocks, ex-North America, selected by quality and dividend factors. HDEF was launched on Aug 12, 2015 and is managed by Xtrackers.