First Trust Indxx Medical Devices ETF (BATS:MDEV) Stock Price Up 0.3% – What’s Next?

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

First Trust Indxx Medical Devices ETF Price Performance

The company has a market cap of $1.89 million, a P/E ratio of 29.75 and a beta of 1.05. The stock’s 50-day moving average is $18.88 and its two-hundred day moving average is $20.06.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC grew its holdings 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 firm owned 20,812 shares of the company’s stock after acquiring an additional 5,756 shares during the period. Jane Street Group LLC owned 20.81% of First Trust Indxx Medical Devices ETF worth $428,000 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.