First Trust Indxx Medical Devices ETF (BATS:MDEV) Trading Up 0.4% – What’s Next?

Shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) were up 0.4% during mid-day trading on Friday . The company traded as high as $20.25 and last traded at $20.24. 948 shares were traded during trading, a decline of 40% from the average session volume of 1,569 shares. The stock had previously closed at $20.16.

First Trust Indxx Medical Devices ETF Trading Up 0.4%

The firm has a market capitalization of $2.02 million, a P/E ratio of 29.75 and a beta of 1.05. The firm has a 50 day moving average price of $19.23 and a 200-day moving average price of $19.57.

Institutional Trading of First Trust Indxx Medical Devices ETF

An institutional investor recently raised its position in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC increased its stake in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 38.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,812 shares of the company’s stock after buying an additional 5,756 shares during the quarter. Jane Street Group LLC owned about 20.81% of First Trust Indxx Medical Devices ETF worth $428,000 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.