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

Shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) traded up 0.9% on Friday . The company traded as high as $20.86 and last traded at $21.09. 259 shares were traded 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 Price Performance

The firm’s 50-day moving average price is $20.93 and its 200-day moving average price is $20.53. The company has a market cap of $2.11 million, a price-to-earnings ratio of 29.75 and a beta of 1.05.

Hedge Funds Weigh In On First Trust Indxx Medical Devices ETF

A hedge fund recently raised its stake in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC boosted 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 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

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.