Roundhill Ball Metaverse ETF (NYSEARCA:METV) Hits New 12-Month High – Still a Buy?

Roundhill Ball Metaverse ETF (NYSEARCA:METV)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $15.50 and last traded at $15.52, with a volume of 6027 shares trading hands. The stock had previously closed at $15.44.

Roundhill Ball Metaverse ETF Price Performance

The firm has a fifty day simple moving average of $14.89 and a 200-day simple moving average of $13.91. The firm has a market cap of $520.36 million, a P/E ratio of 31.11 and a beta of 1.56.

Institutional Trading of Roundhill Ball Metaverse ETF

An institutional investor recently raised its position in Roundhill Ball Metaverse ETF stock. Flow Traders U.S. LLC boosted its position in Roundhill Ball Metaverse ETF (NYSEARCA:METV) by 521.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,484 shares of the company’s stock after buying an additional 71,722 shares during the quarter. Flow Traders U.S. LLC owned approximately 0.25% of Roundhill Ball Metaverse ETF worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Roundhill Ball Metaverse ETF Company Profile

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.