First Trust Indxx Medical Devices ETF (BATS:MDEV) Stock Price Up 0.3% – Should You Buy?

First Trust Indxx Medical Devices ETF (BATS:MDEV)’s stock price traded up 0.3% during mid-day trading on Monday . The company traded as high as $18.91 and last traded at $18.88. 106 shares were traded during trading, a decline of 73% from the average session volume of 398 shares. The stock had previously closed at $18.83.

First Trust Indxx Medical Devices ETF Trading Down 1.5%

The firm has a market capitalization of $1.89 million, a price-to-earnings ratio of 29.75 and a beta of 1.05. The business’s fifty day moving average price is $18.89 and its 200 day moving average price is $20.05.

Institutional Trading of 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 lifted its holdings in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 24.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,956 shares of the company’s stock after purchasing an additional 5,682 shares during the period. Jane Street Group LLC owned about 28.96% of First Trust Indxx Medical Devices ETF worth $607,000 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.