First Trust Indxx Medical Devices ETF (BATS:MDEV) Trading Down 0.2% – Time to Sell?

First Trust Indxx Medical Devices ETF (BATS:MDEV) shares dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $18.05 and last traded at $18.05. Approximately 266 shares were traded during trading, a decline of 22% from the average daily volume of 342 shares. The stock had previously closed at $18.09.

First Trust Indxx Medical Devices ETF Stock Performance

The company has a 50 day moving average of $19.00 and a 200-day moving average of $20.28. The stock has a market cap of $1.79 million, a price-to-earnings ratio of 29.75 and a beta of 1.05.

Institutional Investors 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 raised its stake in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 38.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,812 shares of the company’s stock after purchasing an additional 5,756 shares during the period. Jane Street Group LLC owned about 20.81% of First Trust Indxx Medical Devices ETF worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.