Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Sets New 1-Year High – Still a Buy?

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

Xtrackers MSCI Europe Hedged Equity ETF Trading Up 0.9%

The business’s fifty day simple moving average is $53.28 and its 200 day simple moving average is $51.20. The stock has a market cap of $782.99 million, a price-to-earnings ratio of 16.40 and a beta of 0.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DBEU. Ascentis Independent Advisors acquired a new stake in shares of Xtrackers MSCI Europe Hedged Equity ETF during the first quarter worth $76,000. Cooksen Wealth LLC lifted its stake in Xtrackers MSCI Europe Hedged Equity ETF by 31.6% in the second quarter. Cooksen Wealth LLC now owns 47,785 shares of the company’s stock valued at $2,106,000 after buying an additional 11,466 shares during the period. 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 worth $4,842,000 after buying an additional 65,754 shares during the last quarter.

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.