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

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $51.88 and last traded at $51.88, with a volume of 20336 shares traded. The stock had previously closed at $51.56.

Xtrackers MSCI Europe Hedged Equity ETF Stock Down 0.3%

The firm has a market cap of $769.38 million, a P/E ratio of 16.40 and a beta of 0.63. The company’s 50 day simple moving average is $49.92 and its 200-day simple moving average is $49.25.

Institutional Trading of Xtrackers MSCI Europe Hedged Equity ETF

Institutional investors have recently added to or reduced their stakes in the company. 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 worth $2,106,000 after purchasing an additional 11,466 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Xtrackers MSCI Europe Hedged Equity ETF by 149.2% in the second quarter. Ameriprise Financial Inc. now owns 109,825 shares of the company’s stock worth $4,842,000 after purchasing an additional 65,754 shares during the last quarter. Ascentis Independent Advisors bought a new stake in Xtrackers MSCI Europe Hedged Equity ETF in the first quarter worth about $76,000. Finally, Jones Financial Companies Lllp lifted its stake in Xtrackers MSCI Europe Hedged Equity ETF by 11.2% in the third quarter. Jones Financial Companies Lllp now owns 13,537 shares of the company’s stock worth $619,000 after purchasing an additional 1,365 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.