Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Reaches New 12-Month High – Should You Buy?

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $43.42 and last traded at $43.22, with a volume of 16037 shares. The stock had previously closed at $43.30.

Xtrackers MSCI Europe Hedged Equity ETF Price Performance

The firm’s 50 day moving average price is $41.58 and its 200-day moving average price is $41.68. The stock has a market cap of $568.34 million, a P/E ratio of 16.15 and a beta of 0.57.

Hedge Funds Weigh In On Xtrackers MSCI Europe Hedged Equity ETF

A hedge fund recently bought a new stake in Xtrackers MSCI Europe Hedged Equity ETF stock. Bank of New York Mellon Corp purchased a new stake in shares of Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,631 shares of the company’s stock, valued at approximately $276,000. Bank of New York Mellon Corp owned approximately 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.