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

Shares of Roundhill Ball Metaverse ETF (NYSEARCA:METV) fell 0.9% during mid-day trading on Tuesday . The stock traded as low as $19.13 and last traded at $19.32. 50,265 shares changed hands during trading, a decline of 23% from the average session volume of 65,596 shares. The stock had previously closed at $19.50.

Roundhill Ball Metaverse ETF Stock Down 0.9%

The stock has a 50-day simple moving average of $17.61 and a 200 day simple moving average of $17.98. The company has a market cap of $248.84 million, a PE ratio of 26.20 and a beta of 1.42.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of METV. Marshall Wace LLP acquired a new stake in shares of Roundhill Ball Metaverse ETF during the second quarter valued at about $244,000. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 15,698 shares during the period. Finally, GM Advisory Group LLC increased its holdings in Roundhill Ball Metaverse ETF by 0.6% in the 1st quarter. GM Advisory Group LLC now owns 167,647 shares of the company’s stock valued at $2,671,000 after purchasing an additional 1,045 shares during 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.