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The First Trust Indxx Medical Devices ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Indxx Global Medical Equipment Index (the "Index"). The Fund will normally invest at least 80% of its net assets (including net assets plus any borrowings for investment purposes) in the common stocks and depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is developed, maintained and sponsored by Indxx, LLC (the "Index Provider").
First Trust Indxx Medical Devices ETF trades on the BATS stock market under the symbol MDEV.
As of September 4, 2026, MDEV stock price declined to $20.94 with 215 million shares trading.
MDEV has a market cap of $3.14 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, MDEV traded as high as $22.44 and as low as $16.54.
MDEV has underperformed the market in the last year with a price return of +3.2% while the SPY ETF gained +20.8%. However, in the short term, MDEV had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.9% vs +2.3% return in SPY. But in the last 2 weeks, MDEV shares have been beat by the market, returning -2.7% compared to an SPY return of +1.0%.
MDEV support price is $21.07 and resistance is $21.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MDEV shares will trade within this expected range on the day.
