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

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

First Trust Indxx Metaverse ETF Price Performance

The stock has a 50 day simple moving average of $49.39 and a two-hundred day simple moving average of $49.18. The company has a market cap of $4.71 million, a PE ratio of 29.06 and a beta of 1.18.

First Trust Indxx Metaverse ETF Dividend Announcement

The firm also recently declared 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 yield of 2.2%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. Envestnet Asset Management Inc. grew its holdings in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 27.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,887 shares of the company’s stock after buying an additional 2,364 shares during the period. Envestnet Asset Management Inc. owned 21.77% of First Trust Indxx Metaverse ETF worth $514,000 at the end of the most recent reporting period.

About First Trust Indxx Metaverse ETF

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.