Roundhill Ball Metaverse ETF (NYSEARCA:METV) Stock Price Up 0.9% – Should You Buy?

Roundhill Ball Metaverse ETF (NYSEARCA:METV)’s share price rose 0.9% on Monday . The company traded as high as $19.08 and last traded at $18.92. Approximately 24,747 shares changed hands during trading, a decline of 61% from the average daily volume of 63,805 shares. The stock had previously closed at $18.76.

Roundhill Ball Metaverse ETF Stock Performance

The stock has a fifty day moving average price of $18.65 and a 200-day moving average price of $17.85. The firm has a market capitalization of $216.63 million, a PE ratio of 26.20 and a beta of 1.42.

Hedge Funds Weigh In On Roundhill Ball Metaverse ETF

Large investors have recently added to or reduced their stakes in the company. GM Advisory Group LLC lifted its position in shares of Roundhill Ball Metaverse ETF by 0.6% during the first quarter. GM Advisory Group LLC now owns 167,647 shares of the company’s stock valued at $2,671,000 after buying an additional 1,045 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Roundhill Ball Metaverse ETF during the 2nd quarter worth approximately $244,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Roundhill Ball Metaverse ETF by 2,778.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,263 shares of the company’s stock worth $335,000 after acquiring an additional 15,698 shares in the last 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.