First Trust Indxx Medical Devices ETF (BATS:MDEV) Shares Up 1.7% – Still a Buy?

First Trust Indxx Medical Devices ETF (BATS:MDEV) shot up 1.7% during mid-day trading on Wednesday . The stock traded as high as $20.86 and last traded at $21.2710. 259 shares traded hands during trading, a decline of 60% from the average session volume of 654 shares. The stock had previously closed at $20.9063.

First Trust Indxx Medical Devices ETF Stock Performance

The firm has a market capitalization of $2.13 million, a PE ratio of 29.75 and a beta of 1.05. The stock has a fifty day moving average price of $20.62 and a 200-day moving average price of $20.42.

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. Jane Street Group LLC grew its position in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 38.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,812 shares of the company’s stock after purchasing 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 at the end of the most recent reporting period.

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.