Roundhill Ball Metaverse ETF (NYSEARCA:METV) Shares Down 1.8% – Time to Sell?

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

Roundhill Ball Metaverse ETF Trading Down 1.8%

The firm has a fifty day moving average of $18.39 and a 200 day moving average of $17.89. The company has a market capitalization of $229.52 million, a P/E ratio of 26.20 and a beta of 1.42.

Institutional Trading of Roundhill Ball Metaverse ETF

A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings 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 valued at $335,000 after purchasing an additional 15,698 shares during the last quarter. Marshall Wace LLP bought a new position in Roundhill Ball Metaverse ETF during the second quarter valued at approximately $244,000. Finally, GM Advisory Group LLC boosted its holdings in Roundhill Ball Metaverse ETF by 1.6% in the fourth quarter. GM Advisory Group LLC now owns 166,602 shares of the company’s stock worth $3,129,000 after purchasing an additional 2,650 shares during the last quarter.

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.