Roundhill Ball Metaverse ETF (NYSEARCA:METV) Reaches New 12-Month High – Should You Buy?

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

Roundhill Ball Metaverse ETF Price Performance

The firm has a market capitalization of $518.68 million, a P/E ratio of 31.11 and a beta of 1.56. The stock’s fifty day simple moving average is $14.88 and its 200 day simple moving average is $13.88.

Institutional Investors Weigh In On Roundhill Ball Metaverse ETF

An institutional investor recently raised its position in Roundhill Ball Metaverse ETF stock. Flow Traders U.S. LLC increased its stake in shares of Roundhill Ball Metaverse ETF (NYSEARCA:METV) by 521.2% during the third quarter, according to its most recent Form 13F filing 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 about 0.25% of Roundhill Ball Metaverse ETF worth $1,153,000 as of its most recent SEC filing.

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.