Roundhill Ball Metaverse ETF (NYSEARCA:METV) Trading Down 0.2% – Here’s What Happened

Shares of Roundhill Ball Metaverse ETF (NYSEARCA:METV) traded down 0.2% on Tuesday . The stock traded as low as $20.23 and last traded at $20.35. 33,204 shares changed hands during trading, a decline of 45% from the average daily volume of 60,109 shares. The stock had previously closed at $20.40.

Roundhill Ball Metaverse ETF Price Performance

The company has a 50 day moving average price of $19.30 and a 200 day moving average price of $18.16. The firm has a market cap of $230.43 million, a PE ratio of 26.20 and a beta of 1.44.

Institutional Trading of Roundhill Ball Metaverse ETF

A number of institutional investors and hedge funds have recently made changes to their positions in METV. GM Advisory Group LLC grew its holdings in shares of 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 worth $2,671,000 after purchasing an additional 1,045 shares during the period. JPMorgan Chase & Co. lifted its position in shares of 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 worth $335,000 after purchasing an additional 15,698 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Roundhill Ball Metaverse ETF in the 2nd quarter valued at 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.