Roundhill Ball Metaverse ETF (NYSEARCA:METV) Hits New 52-Week High – Still a Buy?

Roundhill Ball Metaverse ETF (NYSEARCA:METV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.38 and last traded at $15.37, with a volume of 78767 shares changing hands. The stock had previously closed at $15.31.

Roundhill Ball Metaverse ETF Price Performance

The company’s 50 day simple moving average is $14.00 and its 200 day simple moving average is $13.28. The stock has a market cap of $508.28 million, a P/E ratio of 31.11 and a beta of 1.56.

Institutional Trading of Roundhill Ball Metaverse ETF

Hedge funds have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC acquired a new position in Roundhill Ball Metaverse ETF in the 3rd quarter worth $37,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Roundhill Ball Metaverse ETF in the second quarter valued at about $112,000. Finally, Flow Traders U.S. LLC boosted its position in shares of Roundhill Ball Metaverse ETF by 521.2% during the third quarter. Flow Traders U.S. LLC now owns 85,484 shares of the company’s stock worth $1,153,000 after buying an additional 71,722 shares during the period.

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.