Roundhill Ball Metaverse ETF (NYSEARCA:METV) Trading Up 0.9% – What’s Next?

Roundhill Ball Metaverse ETF (NYSEARCA:METV) shares shot up 0.9% during mid-day trading 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 Trading Up 0.9%

The company’s 50 day moving average is $18.65 and its 200 day moving average is $17.85. The company has a market cap of $216.63 million, a PE ratio of 26.20 and a beta of 1.42.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of METV. JPMorgan Chase & Co. grew its holdings in 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. Marshall Wace LLP bought a new stake in shares of Roundhill Ball Metaverse ETF in the 2nd quarter valued at about $244,000. Finally, GM Advisory Group LLC lifted its position in shares of Roundhill Ball Metaverse ETF by 1.6% in the 4th 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 period.

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.