First Trust Indxx Medical Devices ETF (BATS:MDEV) Stock Price Down 0.7% – Should You Sell?

First Trust Indxx Medical Devices ETF (BATS:MDEV) dropped 0.7% on Wednesday . The company traded as low as $19.45 and last traded at $19.47. Approximately 204 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 261 shares. The stock had previously closed at $19.60.

First Trust Indxx Medical Devices ETF Price Performance

The firm has a market capitalization of $1.95 million, a price-to-earnings ratio of 29.75 and a beta of 1.05. The stock has a fifty day moving average of $19.64 and a two-hundred day moving average of $20.50.

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 boosted its stake in 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 firm owned 20,812 shares of the company’s stock after purchasing an additional 5,756 shares during the period. 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.