Paul R. Ried Financial Group LLC decreased its stake in Sprott Critical Materials ETF (NASDAQ:SETM – Free Report) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,148,526 shares of the company’s stock after selling 154,591 shares during the quarter. Sprott Critical Materials ETF makes up 15.7% of Paul R. Ried Financial Group LLC’s holdings, making the stock its largest position. Paul R. Ried Financial Group LLC owned about 0.08% of Sprott Critical Materials ETF worth $33,250,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of SETM. National Bank of Canada FI boosted its stake in shares of Sprott Critical Materials ETF by 560.7% in the third quarter. National Bank of Canada FI now owns 3,006 shares of the company’s stock worth $75,000 after buying an additional 2,551 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new position in Sprott Critical Materials ETF during the fourth quarter worth $213,000. Cooper Investors PTY Ltd. purchased a new position in Sprott Critical Materials ETF during the fourth quarter valued at $215,000. Lokken Investment Group LLC purchased a new position in Sprott Critical Materials ETF during the third quarter valued at $237,000. Finally, PFG Investments LLC purchased a new position in Sprott Critical Materials ETF during the third quarter valued at $237,000.
Sprott Critical Materials ETF Trading Down 1.8%
NASDAQ:SETM opened at $34.61 on Tuesday. Sprott Critical Materials ETF has a 12 month low of $14.28 and a 12 month high of $40.55. The stock has a 50 day moving average of $35.14 and a two-hundred day moving average of $32.75. The firm has a market cap of $579.37 million, a P/E ratio of 29.93 and a beta of 0.99.
Sprott Critical Materials ETF Company 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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