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

Shares of Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $50.75 and last traded at $50.58, with a volume of 806 shares traded. The stock had previously closed at $50.51.

Xtrackers MSCI Europe Hedged Equity ETF Trading Down 0.5%

The stock has a market capitalization of $695.02 million, a PE ratio of 16.40 and a beta of 0.71. The firm’s fifty day moving average is $48.95 and its 200-day moving average is $47.17.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC grew its position in Xtrackers MSCI Europe Hedged Equity ETF by 289.7% in the 2nd quarter. Flow Traders U.S. LLC now owns 98,510 shares of the company’s stock valued at $4,342,000 after acquiring an additional 73,230 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of 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 in the last quarter. Cooksen Wealth LLC increased its stake 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, Jones Financial Companies Lllp lifted its holdings in Xtrackers MSCI Europe Hedged Equity ETF by 11.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 13,537 shares of the company’s stock worth $619,000 after buying an additional 1,365 shares in 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.