First Trust Indxx Medical Devices ETF (BATS:MDEV) Trading 6.1% Higher – What’s Next?

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

First Trust Indxx Medical Devices ETF Price Performance

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

Hedge Funds 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 increased its holdings in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 50.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,186 shares of the company’s stock after acquiring an additional 7,418 shares during the period. Jane Street Group LLC owned about 14.79% of First Trust Indxx Medical Devices ETF worth $494,000 at the end of the most recent quarter.

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.