First Trust Indxx Medical Devices ETF (BATS:MDEV) Shares Up 0.1% – Should You Buy?

Shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) traded up 0.1% during mid-day trading on Friday . The company traded as high as $20.00 and last traded at $20.00. 2 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 703 shares. The stock had previously closed at $19.99.

First Trust Indxx Medical Devices ETF Stock Up 0.1%

The company’s 50 day moving average is $19.98 and its two-hundred day moving average is $20.54. The company has a market capitalization of $2.00 million, a PE ratio of 32.29 and a beta of 1.06.

Institutional Trading of First Trust Indxx Medical Devices ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC raised its holdings in shares of First Trust Indxx Medical Devices ETF by 6.9% during the fourth quarter. Jane Street Group LLC now owns 23,707 shares of the company’s stock worth $487,000 after purchasing an additional 1,521 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of First Trust Indxx Medical Devices ETF by 7.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 30,103 shares of the company’s stock valued at $619,000 after purchasing an additional 2,146 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of First Trust Indxx Medical Devices ETF in the first quarter worth $459,000.

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.