First Trust Indxx Medical Devices ETF (MDEV)
First Trust Indxx Medical Devices ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $21.41, down 0.06% on the session, giving a market capitalisation of $2.0M. Its beta of 0.90 implies it has historically moved less than the broad market.
The First Trust Indxx Medical Devices ETF, referred to as "the Fund," aims to achieve investment outcomes that broadly align with the price movements and income generation (yield) of the Indxx Medical Devices Index, prior to accounting for the Fund's own operating expenses. A central aspect of its investment strategy involves committing at least 80% of its total net assets—including any capital borrowed for investment—to the common stocks and depositary receipts that constitute this Index. Employing an indexing methodology, the Fund strives to directly replicate the Index's performance, before any fees or charges are deducted. The underlying Indxx Medical Devices Index is created, managed, and supported by Indxx, Inc., which is designated as the "Index Provider."
First Trust Indxx Medical Devices ETF is most often compared with the following Financial Services names: