# First Trust Indxx Medical Devices ETF (MDEV) — Overview

MDEV · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/mdev

## Price

Last close $21.03 on Oct 15, 2026. 52-week range $17.85 – $21.81.

## Fund profile

MDEV tracks an equal-weighted index that gives global exposure to the medical equipment industry.

| Metric | Value |
| --- | --- |
| Issuer | First Trust Advisors L.P. |
| Industry | Healthcare |
| Inception | Jun 22, 2021 |
| Assets under management | $3.2M |
| Expense ratio | 0.70% |
| Net asset value | $21.17 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is First Trust Indxx Medical Devices ETF (MDEV)?

MDEV tracks an equal-weighted index that gives global exposure to the medical equipment industry.

### What is MDEV's expense ratio?

First Trust Indxx Medical Devices ETF charges an annual expense ratio of 0.70%. The fund is issued by First Trust Advisors L.P..

### How large is MDEV?

First Trust Indxx Medical Devices ETF manages $3.2M in assets and has traded since Jun 22, 2021.

### How do I buy shares of First Trust Indxx Medical Devices ETF (MDEV)?

MDEV trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).