Xtrackers MSCI EAFE Hedged Equity ETF (NYSEARCA:DBEF) Hits New 12-Month High – Still a Buy?

Xtrackers MSCI EAFE Hedged Equity ETF (NYSEARCA:DBEF)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $50.90 and last traded at $50.7630, with a volume of 51535 shares. The stock had previously closed at $50.25.

Xtrackers MSCI EAFE Hedged Equity ETF Trading Up 0.6%

The stock’s 50-day moving average price is $49.02 and its 200-day moving average price is $47.35. The company has a market cap of $8.63 billion, a P/E ratio of 16.43 and a beta of 0.64.

Institutional Investors Weigh In On Xtrackers MSCI EAFE Hedged Equity ETF

Hedge funds have recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in shares of Xtrackers MSCI EAFE Hedged Equity ETF during the third quarter worth approximately $26,000. Grey Fox Wealth Advisors LLC bought a new stake in Xtrackers MSCI EAFE Hedged Equity ETF during the 3rd quarter valued at $30,000. Root Financial Partners LLC acquired a new position in Xtrackers MSCI EAFE Hedged Equity ETF during the third quarter worth $46,000. Hoese & Co LLP bought a new position in shares of Xtrackers MSCI EAFE Hedged Equity ETF in the second quarter valued at $54,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Xtrackers MSCI EAFE Hedged Equity ETF by 1,299.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,477 shares of the exchange traded fund’s stock valued at $108,000 after buying an additional 2,300 shares during the last quarter.

About Xtrackers MSCI EAFE Hedged Equity ETF

The Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed-market equities excluding North America. It is hedged for currency exposure from a USD point of view. DBEF was launched on Jun 9, 2011 and is managed by Xtrackers.