First Trust Indxx Medical Devices ETF (BATS:MDEV) Trading 0.9% Higher – Still a Buy?

First Trust Indxx Medical Devices ETF (BATS:MDEV) shares traded up 0.9% during mid-day trading on Friday . The company traded as high as $20.86 and last traded at $21.09. 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 business’s fifty day simple moving average is $20.93 and its 200 day simple moving average is $20.53. The stock has a market cap of $2.11 million, a price-to-earnings ratio of 29.75 and a beta of 1.05.

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 disclosure with the Securities and Exchange Commission. The fund owned 20,812 shares of the company’s stock after buying an additional 5,756 shares during the period. 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.

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.