Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Reaches New 1-Year High – Here’s What Happened

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

Xtrackers MSCI Europe Hedged Equity ETF Stock Up 1.5%

The firm has a market capitalization of $773.62 million, a PE ratio of 16.40 and a beta of 0.62. The company’s 50-day simple moving average is $53.07 and its 200 day simple moving average is $51.06.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ascentis Independent Advisors purchased a new stake in Xtrackers MSCI Europe Hedged Equity ETF during the first quarter valued at approximately $76,000. Cooksen Wealth LLC boosted 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 in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings 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 purchasing an additional 65,754 shares during 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.