First Trust Indxx Medical Devices ETF (BATS:MDEV) Shares Up 0.5% – Time to Buy?

First Trust Indxx Medical Devices ETF (BATS:MDEV)’s stock price shot up 0.5% during trading on Monday . The company traded as high as $19.70 and last traded at $19.70. 459 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 321 shares. The stock had previously closed at $19.60.

First Trust Indxx Medical Devices ETF Stock Performance

The business’s fifty day moving average price is $20.91 and its two-hundred day moving average price is $20.75. The stock has a market capitalization of $1.97 million, a P/E ratio of 29.75 and a beta of 1.05.

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 grew its stake in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 24.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,956 shares of the company’s stock after purchasing an additional 5,682 shares during the period. Jane Street Group LLC owned approximately 28.96% of First Trust Indxx Medical Devices ETF worth $607,000 at the end of the most recent reporting period.

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.