Roundhill Ball Metaverse ETF (NYSEARCA:METV) Share Price Breaks Above 50-Day Moving Average – Here’s Why

Roundhill Ball Metaverse ETF (NYSEARCA:METV)’s stock price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $20.87 and traded as high as $20.96. Roundhill Ball Metaverse ETF shares last traded at $20.88, with a volume of 30,768 shares trading hands.

Roundhill Ball Metaverse ETF Price Performance

The company has a market capitalization of $218.82 million, a price-to-earnings ratio of 26.20 and a beta of 1.45. The stock has a 50-day moving average price of $20.87 and a 200-day moving average price of $18.68.

Institutional Investors Weigh In On Roundhill Ball Metaverse ETF

A hedge fund recently bought a new position in Roundhill Ball Metaverse ETF stock. Independent Investors Inc. purchased a new stake in Roundhill Ball Metaverse ETF (NYSEARCA:METV) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $209,000. Independent Investors Inc. owned about 0.10% of Roundhill Ball Metaverse ETF as of its most recent filing with the Securities and Exchange Commission.

About Roundhill Ball Metaverse ETF

The Roundhill Ball Metaverse ETF (METV) is an exchange-traded fund that is based on the Ball Metaverse index. The fund is a passively-managed ETF investing in globally-listed equities spanning various industries, all relating to what it defines as a future iteration of the internet. Stocks are selected by a committee and weighted in tiers. METV was launched on Jun 30, 2021 and is managed by Roundhill.