Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Hits New 12-Month High – Here’s Why

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) shares reached a new 52-week high on Wednesday . The company traded as high as $53.42 and last traded at $53.05, with a volume of 19184 shares traded. The stock had previously closed at $53.03.

Xtrackers MSCI Europe Hedged Equity ETF Trading Up 0.4%

The company’s 50-day simple moving average is $51.40 and its 200-day simple moving average is $49.93. The stock has a market capitalization of $794.92 million, a price-to-earnings ratio of 16.40 and a beta of 0.62.

Institutional Trading of Xtrackers MSCI Europe Hedged Equity ETF

Several institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. raised 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 during the last quarter. Cooksen Wealth LLC lifted its holdings in Xtrackers MSCI Europe Hedged Equity ETF by 31.6% during the 2nd 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 period. Finally, Ascentis Independent Advisors bought a new stake in shares of Xtrackers MSCI Europe Hedged Equity ETF in the 1st quarter valued at about $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.