Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Sets New 52-Week High – Here’s What Happened

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) shares hit a new 52-week high 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 Stock Up 0.5%

The stock has a fifty day moving average of $51.76 and a two-hundred day moving average of $50.21. The stock has a market cap of $801.31 million, a price-to-earnings ratio of 16.40 and a beta of 0.62.

Hedge Funds Weigh In On Xtrackers MSCI Europe Hedged Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in Xtrackers MSCI Europe Hedged Equity ETF by 149.2% during the 2nd 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 lifted its position 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 buying an additional 11,466 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in Xtrackers MSCI Europe Hedged Equity ETF during the first quarter worth approximately $76,000.

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.