First Trust Indxx Medical Devices ETF (BATS:MDEV) Stock Price Up 0.4% – What’s Next?

First Trust Indxx Medical Devices ETF (BATS:MDEV) shares shot up 0.4% during mid-day trading on Friday . The company traded as high as $20.25 and last traded at $20.24. Approximately 948 shares changed hands during trading, a decline of 40% from the average daily volume of 1,569 shares. The stock had previously closed at $20.16.

First Trust Indxx Medical Devices ETF Stock Up 0.4%

The firm’s fifty day moving average price is $19.23 and its 200 day moving average price is $19.57. The stock has a market cap of $2.02 million, a PE ratio of 29.75 and a beta of 1.05.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC grew its position in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 38.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,812 shares of the company’s stock after purchasing an additional 5,756 shares during the period. Jane Street Group LLC owned approximately 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.