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

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

Xtrackers MSCI Europe Hedged Equity ETF Trading Up 0.9%

The firm’s 50 day moving average is $53.28 and its two-hundred day moving average is $51.20. The firm has a market cap of $782.99 million, a P/E ratio of 16.40 and a beta of 0.62.

Institutional Investors Weigh In On Xtrackers MSCI Europe Hedged Equity ETF

Hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position 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 worth $4,842,000 after purchasing an additional 65,754 shares in the last quarter. Cooksen Wealth LLC increased its position in shares of Xtrackers MSCI Europe Hedged Equity ETF by 31.6% in the 2nd 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 in the last quarter. Finally, Ascentis Independent Advisors bought a new stake in shares of Xtrackers MSCI Europe Hedged Equity ETF in the 1st quarter valued at $76,000.

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.