First Trust Indxx Medical Devices ETF (BATS:MDEV) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.98 and traded as high as $21.57. First Trust Indxx Medical Devices ETF shares last traded at $21.57, with a volume of 8 shares changing hands.

First Trust Indxx Medical Devices ETF Price Performance

The firm’s fifty day simple moving average is $21.65 and its 200 day simple moving average is $20.98. The company has a market capitalization of $3.24 million, a price-to-earnings ratio of 37.67 and a beta of 0.92.

Institutional Trading of 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 lifted its stake in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 50.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,186 shares of the company’s stock after purchasing an additional 7,418 shares during the quarter. Jane Street Group LLC owned 14.79% of First Trust Indxx Medical Devices ETF worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.