Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Sets New 52-Week High – Here’s Why

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

Xtrackers MSCI Europe Hedged Equity ETF Stock Down 1.2%

The company has a market capitalization of $751.81 million, a P/E ratio of 16.40 and a beta of 0.62. The business has a 50 day simple moving average of $52.14 and a 200-day simple moving average of $50.46.

Institutional Investors Weigh In On Xtrackers MSCI Europe Hedged Equity ETF

Several large investors have recently made changes to their positions in DBEU. Ascentis Independent Advisors acquired a new position in shares of Xtrackers MSCI Europe Hedged Equity ETF during the first quarter worth approximately $76,000. Cooksen Wealth LLC boosted its position 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 acquiring an additional 11,466 shares during the period. Finally, Ameriprise Financial Inc. grew its stake 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 worth $4,842,000 after purchasing an additional 65,754 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.