SRS Capital Advisors Inc. Grows Position in First Trust Indxx Metaverse ETF (NASDAQ:ARVR)

SRS Capital Advisors Inc. grew its position in shares of First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,906 shares of the company’s stock after purchasing an additional 1,018 shares during the quarter. SRS Capital Advisors Inc. owned approximately 20.91% of First Trust Indxx Metaverse ETF worth $779,000 as of its most recent SEC filing.

First Trust Indxx Metaverse ETF Stock Down 2.2 %

ARVR stock opened at $34.77 on Friday. First Trust Indxx Metaverse ETF has a 52-week low of $28.19 and a 52-week high of $38.91. The company’s 50-day simple moving average is $36.39 and its 200-day simple moving average is $35.96. The firm has a market cap of $3.48 million, a P/E ratio of 25.12 and a beta of -1.30.

First Trust Indxx Metaverse ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a $0.0241 dividend. This represents a $0.10 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, June 27th.

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.