Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Sets New 1-Year High – Should You Buy?

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $53.93 and last traded at $53.93, with a volume of 13014 shares traded. The stock had previously closed at $53.69.

Xtrackers MSCI Europe Hedged Equity ETF Stock Up 0.5%

The firm has a market cap of $801.31 million, a price-to-earnings ratio of 16.40 and a beta of 0.62. The company has a 50 day moving average of $51.76 and a 200 day moving average of $50.21.

Hedge Funds Weigh In On Xtrackers MSCI Europe Hedged Equity ETF

Institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its stake in shares of 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 valued at $4,842,000 after buying an additional 65,754 shares during the last quarter. Cooksen Wealth LLC increased its stake in shares of 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 buying an additional 11,466 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new stake in shares of Xtrackers MSCI Europe Hedged Equity ETF in the first quarter worth $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.