Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Hits New 52-Week High – Still a Buy?

Shares of Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) hit a new 52-week high during trading on Tuesday . The stock traded as high as $53.93 and last traded at $53.93, with a volume of 13014 shares. The stock had previously closed at $53.69.

Xtrackers MSCI Europe Hedged Equity ETF Price Performance

The stock has a market cap of $754.49 million, a price-to-earnings ratio of 16.40 and a beta of 0.62. The stock’s 50 day simple moving average is $51.85 and its two-hundred day simple moving average is $50.29.

Institutional Trading of Xtrackers MSCI Europe Hedged Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ascentis Independent Advisors acquired a new position in Xtrackers MSCI Europe Hedged Equity ETF in the first quarter worth about $76,000. Cooksen Wealth LLC boosted 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 valued at $2,106,000 after purchasing an additional 11,466 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in 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 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.