First Trust Indxx Medical Devices ETF (BATS:MDEV) Shares Down 0.1% – Time to Sell?

First Trust Indxx Medical Devices ETF (BATS:MDEV) shares dropped 0.1% during mid-day trading on Thursday . The stock traded as low as $21.12 and last traded at $21.26. 724 shares were traded during mid-day trading, a decline of 49% from the average session volume of 1,431 shares. The stock had previously closed at $21.29.

First Trust Indxx Medical Devices ETF Stock Down 0.1%

The stock has a 50 day simple moving average of $20.42 and a two-hundred day simple moving average of $19.59. The stock has a market capitalization of $2.13 million, a P/E 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 holdings in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 38.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,812 shares of the company’s stock after purchasing an additional 5,756 shares during the quarter. Jane Street Group LLC owned 20.81% of First Trust Indxx Medical Devices ETF worth $428,000 as of its most recent SEC filing.

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.