First Trust Indxx Medical Devices ETF (BATS:MDEV) Shares Down 1% – Time to Sell?

First Trust Indxx Medical Devices ETF (BATS:MDEV)’s share price traded down 1% during trading on Tuesday . The company traded as low as $20.55 and last traded at $20.63. 111 shares changed hands during trading, The stock had previously closed at $20.83.

First Trust Indxx Medical Devices ETF Trading Down 0.4 %

The stock’s 50 day moving average price is $21.25 and its 200 day moving average price is $21.06. The company has a market capitalization of $3.08 million, a price-to-earnings ratio of 37.67 and a beta of 0.92.

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 grew its position in First Trust Indxx Medical Devices ETF (BATS:MDEV) by 50.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,186 shares of the company’s stock after acquiring an additional 7,418 shares during the period. Jane Street Group LLC owned about 14.79% of First Trust Indxx Medical Devices ETF worth $494,000 at the end of the most recent quarter.

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.