First Trust Indxx Medical Devices ETF (BATS:MDEV) Shares Pass Above 200-Day Moving Average – Time to Sell?

First Trust Indxx Medical Devices ETF (BATS:MDEV)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.98 and traded as high as $21.57. First Trust Indxx Medical Devices ETF shares last traded at $21.57, with a volume of 8 shares.

First Trust Indxx Medical Devices ETF Stock Up 0.3 %

The company has a market cap of $3.24 million, a P/E ratio of 37.67 and a beta of 0.92. The firm has a fifty day moving average price of $21.65 and a 200 day moving average price of $20.98.

Institutional Investors 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 increased 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 Form 13F filing with the Securities & Exchange Commission. The firm owned 22,186 shares of the company’s stock after purchasing an additional 7,418 shares during the quarter. Jane Street Group LLC owned approximately 14.79% of First Trust Indxx Medical Devices ETF worth $494,000 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.