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

Roundhill Ball Metaverse ETF (NYSEARCA:METV)’s stock price passed above its fifty day moving average during trading on Friday. The stock has a fifty 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 Stock Up 0.6%

The firm has a fifty day moving average of $20.87 and a 200-day moving average of $18.68. The firm has a market cap of $218.82 million, a P/E ratio of 26.20 and a beta of 1.45.

Hedge Funds Weigh In On Roundhill Ball Metaverse ETF

An institutional investor recently bought a new stake in Roundhill Ball Metaverse ETF stock. Independent Investors Inc. acquired a new position in shares of Roundhill Ball Metaverse ETF (NYSEARCA:METV) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $209,000. Independent Investors Inc. owned 0.10% of Roundhill Ball Metaverse ETF at the end of the most recent quarter.

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.