Metricbeat - Not creating any logfile - elasticsearch

Question

I am trying to set up metric beat for my CentOS7 host. I have explictly mentioned the logfile location for the metricbeat and the logging level is debug, but I dont see a log file created. I can see the logs in journalctl. Please let me know why the logfile is not creating. Same setting works with filebeat and the log file gets created.
Metricbeat version:
root#example.domain.com:/usr/share/metricbeat# metricbeat version
metricbeat version 7.2.0 (amd64), libbeat 7.2.0 [9ba65d864ca37cd32c25b980dbb4020975288fc0 built 2019-06-20 15:07:31 +0000 UTC]
Metricbeat config file:
/etc/metricbeat/metricbeat.yml
metricbeat:
config:
modules:
path: /etc/metricbeat/modules.d/*.yml
reload.enabled: true
reload.period: 10s
output.logstash:
hosts: ['logstash.domain.com:5158']
worker: 1
compression_level: 3
loadbalance: true
ssl:
certificate: /usr/share/metricbeat/metricbeat.crt
key: /usr/share/metricbeat/metricbeat.key
verification_mode: none
logging:
level: debug
to_files: true
files:
path: /var/myapp/log/metricbeat
name: metricbeat.log
rotateeverybytes: 10485760
keepfiles: 7
Ideally it should create a file (metricbeat.log) in /var/myapp/log/metricbeat location, but I dont see any files getting created.
Journalctl output:
* metricbeat.service - Metricbeat is a lightweight shipper for metrics.
Loaded: loaded (/usr/lib/systemd/system/metricbeat.service; disabled; vendor preset: disabled)
Active: active (running) since Mon 2022-01-24 08:51:13 PST; 39min ago
Docs: https://www.elastic.co/products/beats/metricbeat
Main PID: 13520 (metricbeat)
CGroup: /system.slice/metricbeat.service
`-13520 /usr/share/metricbeat/bin/metricbeat -e -c /etc/metricbeat/metricbeat.yml -path.home /usr/share/metricbeat -path.config /etc/metricbeat -path.data /var/lib/metricbeat -path.logs /var/log/metricbeat
Jan 24 09:30:14 example.domain.com metricbeat[13520]: "/var/lib/metricbeat",
Jan 24 09:30:14 example.domain.com metricbeat[13520]: "-path.logs",
Jan 24 09:30:14 example.domain.com metricbeat[13520]: "/var/log/metricbeat"
Jan 24 09:30:14 example.domain.com metricbeat[13520]: ]
Jan 24 09:30:14 example.domain.com metricbeat[13520]: },
Jan 24 09:30:14 example.domain.com metricbeat[13520]: "user": {
Jan 24 09:30:14 example.domain.com metricbeat[13520]: "name": "root"
Jan 24 09:30:14 example.domain.com metricbeat[13520]: },
Jan 24 09:30:14 example.domain.com metricbeat[13520]: "event": {
Jan 24 09:30:14 example.domain.com metricbeat[13520]: "module": "system",
I dont see any thing in "/var/log/metricbeat" directory as well.
UPDATE: I tried with version 6.3 and 7.16. It works fine. Looks like some issue with 7.2