First Trust Indxx Medical Devices ETF (BATS:MDEV) Trading Up 2.3% – What’s Next?

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

First Trust Indxx Medical Devices ETF Price Performance

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

Institutional Investors Weigh In On First Trust Indxx Medical Devices ETF

An institutional investor recently raised its position in First Trust Indxx Medical Devices ETF stock. SRS Capital Advisors Inc. raised its holdings in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,103 shares of the company’s stock after purchasing an additional 2,146 shares during the period. SRS Capital Advisors Inc. owned about 20.07% of First Trust Indxx Medical Devices ETF worth $619,000 at the end of the most recent quarter.

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.