Roundhill Ball Metaverse ETF (NYSEARCA:METV) Shares Climb 0.1% – Should You Buy?

Shares of Roundhill Ball Metaverse ETF (NYSEARCA:METV) traded up 0.1% during trading on Thursday. The company traded as high as $21.03 and last traded at $20.94. 28,304 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 59,706 shares. The stock had previously closed at $20.91.

Roundhill Ball Metaverse ETF Stock Performance

The firm has a market cap of $227.05 million, a price-to-earnings ratio of 26.20 and a beta of 1.44. The company’s fifty day moving average is $20.00 and its two-hundred day moving average is $18.67.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Roundhill Ball Metaverse ETF stock. GM Advisory Group LLC increased its holdings in Roundhill Ball Metaverse ETF (NYSEARCA:METV) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,647 shares of the company’s stock after purchasing an additional 1,045 shares during the period. GM Advisory Group LLC owned approximately 1.30% of Roundhill Ball Metaverse ETF worth $2,671,000 at the end of the most recent reporting 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.