Roundhill Ball Metaverse ETF (NYSEARCA:METV) Trading 0.9% Higher – Still a Buy?

Roundhill Ball Metaverse ETF (NYSEARCA:METV)’s stock price traded up 0.9% on Monday . The company traded as high as $19.08 and last traded at $18.92. Approximately 24,747 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 63,805 shares. The stock had previously closed at $18.76.

Roundhill Ball Metaverse ETF Price Performance

The company has a 50 day simple moving average of $18.66 and a 200-day simple moving average of $17.85. The firm has a market cap of $214.69 million, a PE ratio of 26.20 and a beta of 1.42.

Institutional Investors Weigh In On Roundhill Ball Metaverse ETF

A number of hedge funds and other institutional investors have recently modified their holdings of METV. GM Advisory Group LLC boosted its position in Roundhill Ball Metaverse ETF by 0.6% during the 1st quarter. GM Advisory Group LLC now owns 167,647 shares of the company’s stock valued at $2,671,000 after buying an additional 1,045 shares during the period. JPMorgan Chase & Co. lifted its holdings in Roundhill Ball Metaverse ETF by 2,778.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock worth $335,000 after buying an additional 15,698 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Roundhill Ball Metaverse ETF in the 2nd quarter worth approximately $244,000.

Roundhill Ball Metaverse ETF Company Profile

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.