First Trust Indxx Medical Devices ETF (BATS:MDEV) Trading Up 6.1% – Here’s Why

First Trust Indxx Medical Devices ETF (BATS:MDEV)’s share price traded up 6.1% during trading on Monday . The company traded as high as $21.16 and last traded at $22.28. 92 shares were traded during mid-day trading, The stock had previously closed at $21.00.

First Trust Indxx Medical Devices ETF Price Performance

The company has a fifty day moving average price of $21.17 and a 200 day moving average price of $21.24. The stock has a market cap of $3.34 million, a P/E ratio of 37.67 and a beta of 0.92.

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 shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 50.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,186 shares of the company’s stock after buying 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 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.