First Trust Indxx Medical Devices ETF (BATS:MDEV) Shares Up 0.7% – Here’s What Happened

First Trust Indxx Medical Devices ETF (BATS:MDEV) traded up 0.7% during mid-day trading on Tuesday . The company traded as high as $21.16 and last traded at $21.15. 92 shares changed hands during trading, The stock had previously closed at $21.00.

First Trust Indxx Medical Devices ETF Stock Performance

The stock has a market cap of $3.17 million, a PE ratio of 37.67 and a beta of 0.92. The company’s 50-day moving average price is $21.31 and its 200 day moving average price is $21.41.

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 boosted its stake 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 and Exchange Commission (SEC). The firm owned 23,707 shares of the company’s stock after buying an additional 1,521 shares during the quarter. Jane Street Group LLC owned 15.80% of First Trust Indxx Medical Devices ETF worth $487,000 as of its most recent SEC filing.

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.