Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Hits New 12-Month High – Time to Buy?

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $54.59 and last traded at $54.33, with a volume of 3241 shares changing hands. The stock had previously closed at $53.69.

Xtrackers MSCI Europe Hedged Equity ETF Trading Up 1.5%

The firm’s 50-day moving average price is $53.07 and its two-hundred day moving average price is $51.06. The stock has a market cap of $773.62 million, a PE ratio of 16.40 and a beta of 0.62.

Institutional Trading of Xtrackers MSCI Europe Hedged Equity ETF

A number of hedge funds have recently bought and sold shares of DBEU. Ameriprise Financial Inc. increased its holdings in shares of Xtrackers MSCI Europe Hedged Equity ETF by 149.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 109,825 shares of the company’s stock valued at $4,842,000 after acquiring an additional 65,754 shares during the period. Cooksen Wealth LLC raised 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 worth $2,106,000 after acquiring an additional 11,466 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in shares of Xtrackers MSCI Europe Hedged Equity ETF during the 1st quarter worth $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.