First Trust Indxx Medical Devices ETF (BATS:MDEV) Shares Down 1.8% – Here’s What Happened

Shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) traded down 1.8% during mid-day trading on Friday . The company traded as low as $19.91 and last traded at $19.66. 967 shares traded hands during trading, an increase of 48% from the average session volume of 654 shares. The stock had previously closed at $20.03.

First Trust Indxx Medical Devices ETF Stock Down 1.8%

The stock has a market capitalization of $1.97 million, a PE ratio of 29.75 and a beta of 1.05. The stock’s 50 day moving average price is $20.32 and its 200-day moving average price is $20.11.

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 raised its holdings in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 38.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,812 shares of the company’s stock after buying 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.

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.