First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Shares Down 0.5% – Time to Sell?

First Trust Indxx Metaverse ETF (NASDAQ:ARVR)’s stock price dropped 0.5% on Thursday . The company traded as low as $45.74 and last traded at $46.2860. Approximately 11 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 234 shares. The stock had previously closed at $46.51.

First Trust Indxx Metaverse ETF Trading Down 0.5%

The stock has a market cap of $4.63 million, a price-to-earnings ratio of 29.06 and a beta of 1.18. The company has a fifty day simple moving average of $49.43 and a 200-day simple moving average of $49.18.

First Trust Indxx Metaverse ETF Dividend Announcement

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

Hedge Funds Weigh In On 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 First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 34.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,814 shares of the company’s stock after purchasing an additional 3,758 shares during the period. Jane Street Group LLC owned approximately 29.63% of First Trust Indxx Metaverse ETF worth $564,000 as of its most recent SEC filing.

First Trust Indxx Metaverse ETF Company Profile

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.