First Trust Indxx Medical Devices ETF (BATS:MDEV) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

First Trust Indxx Medical Devices ETF (BATS:MDEV)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.98 and traded as high as $21.57. First Trust Indxx Medical Devices ETF shares last traded at $21.57, with a volume of 8 shares traded.

First Trust Indxx Medical Devices ETF Stock Performance

The company has a fifty day simple moving average of $21.65 and a 200 day simple moving average of $20.99. The stock has a market capitalization of $3.24 million, a price-to-earnings ratio of 37.67 and a beta of 0.92.

Hedge Funds 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 shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 50.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,186 shares of the company’s stock after purchasing 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.

About First Trust Indxx Medical Devices ETF

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.