Roundhill Ball Metaverse ETF (NYSEARCA:METV) Shares Down 1.8% – Here’s Why

Roundhill Ball Metaverse ETF (NYSEARCA:METV)’s stock price traded down 1.8% during mid-day trading on Wednesday . The company traded as low as $17.70 and last traded at $17.82. Approximately 63,502 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 65,405 shares. The stock had previously closed at $18.14.

Roundhill Ball Metaverse ETF Stock Up 0.9%

The stock has a market capitalization of $227.72 million, a price-to-earnings ratio of 26.20 and a beta of 1.42. The company’s 50-day simple moving average is $18.40 and its 200 day simple moving average is $17.87.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in METV. Marshall Wace LLP acquired a new stake in Roundhill Ball Metaverse ETF in the 2nd quarter worth approximately $244,000. JPMorgan Chase & Co. grew its holdings in Roundhill Ball Metaverse ETF by 2,778.4% during the third quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock valued at $335,000 after purchasing an additional 15,698 shares during the last quarter. Finally, GM Advisory Group LLC raised its position in shares of Roundhill Ball Metaverse ETF by 0.6% in the first quarter. GM Advisory Group LLC now owns 167,647 shares of the company’s stock valued at $2,671,000 after purchasing an additional 1,045 shares during the period.

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.