First Trust Indxx Medical Devices ETF (BATS:MDEV) Trading 0.4% Higher – Here’s What Happened

First Trust Indxx Medical Devices ETF (BATS:MDEV)’s stock price shot up 0.4% on Friday . The company traded as high as $20.25 and last traded at $20.24. Approximately 948 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 1,569 shares. The stock had previously closed at $20.16.

First Trust Indxx Medical Devices ETF Stock Performance

The company has a market cap of $2.02 million, a P/E ratio of 29.75 and a beta of 1.05. The firm has a 50 day moving average price of $19.23 and a 200-day moving average price of $19.57.

Institutional Investors Weigh In On First Trust Indxx Medical Devices ETF

An institutional investor recently raised its stake in First Trust Indxx Medical Devices ETF stock. Jane Street Group LLC raised its stake in shares of First Trust Indxx Medical Devices ETF (BATS:MDEV) by 24.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,956 shares of the company’s stock after purchasing an additional 5,682 shares during the period. Jane Street Group LLC owned 28.96% of First Trust Indxx Medical Devices ETF worth $607,000 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.