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

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $43.00 and last traded at $42.94, with a volume of 781 shares trading hands. The stock had previously closed at $42.28.

Xtrackers MSCI Europe Hedged Equity ETF Price Performance

The stock’s 50 day simple moving average is $41.48 and its 200-day simple moving average is $41.66. The stock has a market capitalization of $564.75 million, a price-to-earnings ratio of 16.15 and a beta of 0.57.

Institutional Trading of Xtrackers MSCI Europe Hedged Equity ETF

An institutional investor recently bought a new position in Xtrackers MSCI Europe Hedged Equity ETF stock. Bank of New York Mellon Corp bought a new stake in shares of Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,631 shares of the company’s stock, valued at approximately $276,000. Bank of New York Mellon Corp owned about 0.05% of Xtrackers MSCI Europe Hedged Equity ETF at the end of the most recent reporting period.

Xtrackers MSCI Europe Hedged Equity ETF Company Profile

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.