First Trust Indxx Medical Devices ETF (BATS:MDEV) Trading Up 2.3% – Should You Buy?

First Trust Indxx Medical Devices ETF (BATS:MDEV) shares were up 2.3% during mid-day trading on Wednesday . The stock traded as high as $19.00 and last traded at $19.04. Approximately 255 shares changed hands during trading, a decline of 68% from the average daily volume of 789 shares. The stock had previously closed at $18.62.

First Trust Indxx Medical Devices ETF Price Performance

The firm has a market capitalization of $1.90 million, a PE ratio of 30.48 and a beta of 1.09. The company’s fifty day simple moving average is $20.22 and its 200-day simple moving average is $21.03.

Institutional Investors Weigh In On First Trust Indxx Medical Devices ETF

A hedge fund recently raised its stake in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC grew its position in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 50.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,186 shares of the company’s stock after acquiring an additional 7,418 shares during the quarter. Jane Street Group LLC owned about 14.79% of First Trust Indxx Medical Devices ETF worth $494,000 as of its most recent SEC filing.

First Trust Indxx Medical Devices ETF Company Profile

The First Trust Indxx Global Medical Devices ETF (MDEV) is an exchange-traded fund that is based on the Indxx Global Medical Equipment index. The fund tracks an equal-weighted index that gives global exposure to the medical equipment industry. MDEV was launched on Jun 22, 2021 and is managed by First Trust.