First Trust Indxx Medical Devices ETF (BATS:MDEV) Stock Price Down 0.3% – Here’s Why

First Trust Indxx Medical Devices ETF (BATS:MDEV) shares fell 0.3% during mid-day trading on Tuesday . The company traded as low as $20.23 and last traded at $20.41. 222 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 788 shares. The stock had previously closed at $20.46.

First Trust Indxx Medical Devices ETF Stock Down 0.5 %

The company’s 50-day moving average is $21.21 and its 200-day moving average is $21.35. The stock has a market capitalization of $2.04 million, a price-to-earnings ratio of 35.89 and a beta of 1.12.

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 boosted its holdings in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,707 shares of the company’s stock after acquiring an additional 1,521 shares during the quarter. Jane Street Group LLC owned about 15.80% of First Trust Indxx Medical Devices ETF worth $487,000 at the end of the most recent quarter.

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.