First Trust Indxx Medical Devices ETF (BATS:MDEV) Trading 0.9% Higher – What’s Next?

First Trust Indxx Medical Devices ETF (BATS:MDEV) shares traded up 0.9% on Friday . The company traded as high as $20.86 and last traded at $21.09. 259 shares traded hands during mid-day 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 company has a market cap of $2.11 million, a PE ratio of 29.75 and a beta of 1.05. The company’s 50 day moving average price is $20.93 and its 200-day moving average price is $20.53.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC increased its position in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 38.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,812 shares of the company’s stock after acquiring 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 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.