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

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $55.61 and last traded at $55.61, with a volume of 226 shares changing hands. The stock had previously closed at $55.29.

Xtrackers MSCI Europe Hedged Equity ETF Stock Up 0.1%

The stock’s 50 day moving average price is $53.67 and its two-hundred day moving average price is $51.44. The firm has a market capitalization of $784.41 million, a price-to-earnings ratio of 16.40 and a beta of 0.62.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Ascentis Independent Advisors bought a new position in Xtrackers MSCI Europe Hedged Equity ETF during the first quarter valued at approximately $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 acquiring an additional 11,466 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position 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 acquiring an additional 65,754 shares in 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.