First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Trading Down 0.6% – Should You Sell?

First Trust Indxx Metaverse ETF (NASDAQ:ARVRGet Free Report)’s stock price fell 0.6% on Friday . The stock traded as low as $46.75 and last traded at $46.6810. 11 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 190 shares. The stock had previously closed at $46.98.

First Trust Indxx Metaverse ETF Trading Down 0.6%

The firm’s fifty day simple moving average is $48.72 and its 200 day simple moving average is $49.20. The company has a market cap of $4.67 million, a price-to-earnings ratio of 29.06 and a beta of 1.18.

First Trust Indxx Metaverse ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, December 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.2%.

Institutional Trading of First Trust Indxx Metaverse ETF

An institutional investor recently raised its position in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC grew its holdings in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVRFree Report) by 34.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,814 shares of the company’s stock after buying an additional 3,758 shares during the period. Jane Street Group LLC owned 29.63% of First Trust Indxx Metaverse ETF worth $564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

First Trust Indxx Metaverse ETF Company Profile

(Get Free Report)

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.

Further Reading

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