First Trust Indxx Medical Devices ETF (BATS:MDEV) Trading Up 2.2% – Should You Buy?

First Trust Indxx Medical Devices ETF (BATS:MDEV)’s stock price traded up 2.2% on Tuesday . The company traded as high as $19.00 and last traded at $19.00. 200 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 279 shares. The stock had previously closed at $18.59.

First Trust Indxx Medical Devices ETF Stock Down 0.4%

The stock has a fifty day moving average of $20.06 and a 200-day moving average of $20.56. The firm has a market capitalization of $1.90 million, a P/E ratio of 29.75 and a beta of 1.05.

Hedge Funds Weigh In On 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 lifted its stake in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 24.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,956 shares of the company’s stock after purchasing an additional 5,682 shares during the period. Jane Street Group LLC owned approximately 28.96% of First Trust Indxx Medical Devices ETF worth $607,000 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.