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

Shares of Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) hit a new 52-week high on Monday . The company traded as high as $54.48 and last traded at $54.48, with a volume of 22319 shares trading hands. The stock had previously closed at $54.19.

Xtrackers MSCI Europe Hedged Equity ETF Price Performance

The stock has a fifty day moving average of $51.99 and a 200 day moving average of $50.37. The stock has a market cap of $768.45 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 and hedge funds have recently bought and sold shares of DBEU. Ascentis Independent Advisors acquired a new stake in shares of Xtrackers MSCI Europe Hedged Equity ETF in the first quarter worth $76,000. Cooksen Wealth LLC boosted its holdings 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 purchasing an additional 11,466 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted 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 valued at $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.