Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) Shares Up 0.6% – Still a Buy?

Xtrackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU)’s share price was up 0.6% on Friday . The stock traded as high as $44.82 and last traded at $44.69. Approximately 38,191 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 58,640 shares. The stock had previously closed at $44.42.

Xtrackers MSCI Europe Hedged Equity ETF Price Performance

The company has a market cap of $652.47 million, a price-to-earnings ratio of 16.72 and a beta of 0.66. The firm has a 50 day simple moving average of $43.50 and a 200-day simple moving average of $42.90.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DBEU. Cooksen Wealth LLC grew its stake in shares of Xtrackers MSCI Europe Hedged Equity ETF by 6.5% in the fourth quarter. Cooksen Wealth LLC now owns 45,413 shares of the company’s stock valued at $1,871,000 after buying an additional 2,759 shares in the last quarter. Sierra Capital LLC lifted its stake in Xtrackers MSCI Europe Hedged Equity ETF by 15.9% during the 1st quarter. Sierra Capital LLC now owns 35,247 shares of the company’s stock worth $1,556,000 after acquiring an additional 4,833 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in Xtrackers MSCI Europe Hedged Equity ETF during the 1st quarter valued at about $31,000.

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.