First Trust Indxx Medical Devices ETF (BATS:MDEV) Stock Price Up 2.2% – Time to Buy?

First Trust Indxx Medical Devices ETF (BATS:MDEV) shares rose 2.2% on Tuesday . The company traded as high as $19.00 and last traded at $19.00. Approximately 200 shares were traded during trading, a decline of 28% from the average daily volume of 279 shares. The stock had previously closed at $18.59.

First Trust Indxx Medical Devices ETF Trading Up 2.2%

The firm has a market capitalization of $1.90 million, a price-to-earnings ratio of 29.75 and a beta of 1.05. The company has a fifty day moving average price of $20.11 and a 200-day moving average price of $20.57.

Institutional Trading of 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 grew its holdings in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 38.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.