First Trust Indxx Metaverse ETF $ARVR Stake Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 27.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,887 shares of the company’s stock after acquiring an additional 2,364 shares during the quarter. Envestnet Asset Management Inc. owned approximately 21.77% of First Trust Indxx Metaverse ETF worth $514,000 at the end of the most recent quarter.

Separately, Jane Street Group LLC raised its stake in shares of First Trust Indxx Metaverse ETF by 34.0% in the 1st quarter. Jane Street Group LLC now owns 14,814 shares of the company’s stock valued at $564,000 after purchasing an additional 3,758 shares in the last quarter.

First Trust Indxx Metaverse ETF Stock Performance

Shares of ARVR stock opened at $47.90 on Tuesday. The stock has a market capitalization of $2.39 million, a price-to-earnings ratio of 29.06 and a beta of 1.18. First Trust Indxx Metaverse ETF has a one year low of $33.09 and a one year high of $52.06. The company’s 50-day simple moving average is $50.28 and its 200-day simple moving average is $47.48.

About First Trust Indxx Metaverse ETF

The First Trust Indxx Metaverse ETF (ARVR) is an exchange-traded fund that is based on the Indxx Metaverse index. The fund tracks a modified equal-weighted index of stocks, spanning a broad range of industries globally, that are involved in business activities associated with the Metaverse. ARVR was launched on Apr 19, 2022 and is managed by First Trust.