Triton Wealth Management PLLC acquired a new position in shares of Sprott Critical Materials ETF (NASDAQ:SETM – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 84,364 shares of the company’s stock, valued at approximately $2,442,000. Sprott Critical Materials ETF makes up approximately 0.9% of Triton Wealth Management PLLC’s investment portfolio, making the stock its 21st biggest holding. Triton Wealth Management PLLC owned approximately 0.60% of Sprott Critical Materials ETF at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in SETM. Royal Bank of Canada increased its position in Sprott Critical Materials ETF by 3.7% during the 1st quarter. Royal Bank of Canada now owns 30,984 shares of the company’s stock worth $437,000 after purchasing an additional 1,116 shares in the last quarter. PFG Investments LLC bought a new stake in Sprott Critical Materials ETF during the 3rd quarter worth approximately $237,000. Thrivent Financial for Lutherans bought a new stake in Sprott Critical Materials ETF during the 3rd quarter worth approximately $14,044,000. Lokken Investment Group LLC bought a new stake in Sprott Critical Materials ETF during the 3rd quarter worth approximately $237,000. Finally, Fortis Advisors LLC bought a new stake in Sprott Critical Materials ETF during the 3rd quarter worth approximately $3,581,000.
Sprott Critical Materials ETF Price Performance
SETM opened at $37.22 on Friday. Sprott Critical Materials ETF has a fifty-two week low of $14.28 and a fifty-two week high of $40.55. The firm has a market capitalization of $623.06 million, a price-to-earnings ratio of 29.93 and a beta of 0.99. The company’s 50 day moving average price is $35.17 and its two-hundred day moving average price is $32.63.
Sprott Critical Materials ETF Profile
The Sprott Energy Transition Materials ETF (SETM) is an exchange-traded fund that mostly invests in materials equity. The fund supports the global move to cleaner energy by tracking an index of US and foreign companies related to energy transition materials. Securities are selected based on revenue and weighted by market-cap. SETM was launched on Feb 1, 2023 and is managed by Sprott.
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