Paul R. Ried Financial Group LLC trimmed its position in shares of Sprott Critical Materials ETF (NASDAQ:SETM – Free Report) by 12.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,003,944 shares of the company’s stock after selling 144,582 shares during the quarter. Sprott Critical Materials ETF makes up about 15.4% of Paul R. Ried Financial Group LLC’s portfolio, making the stock its biggest holding. Paul R. Ried Financial Group LLC owned 6.00% of Sprott Critical Materials ETF worth $33,210,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. purchased a new stake in Sprott Critical Materials ETF during the first quarter worth $26,000. NFSG Corp increased its holdings in Sprott Critical Materials ETF by 704.5% in the first quarter. NFSG Corp now owns 885 shares of the company’s stock valued at $29,000 after buying an additional 775 shares in the last quarter. Uniplan Investment Counsel Inc. acquired a new position in shares of Sprott Critical Materials ETF in the fourth quarter worth about $34,000. Federation des caisses Desjardins du Quebec acquired a new position in shares of Sprott Critical Materials ETF in the fourth quarter worth about $38,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Sprott Critical Materials ETF in the fourth quarter worth about $40,000.
Sprott Critical Materials ETF Stock Down 0.4%
SETM stock opened at $28.24 on Tuesday. Sprott Critical Materials ETF has a 52-week low of $18.21 and a 52-week high of $40.55. The firm has a market cap of $521.88 million, a P/E ratio of 29.93 and a beta of 1.03. The company’s 50-day simple moving average is $33.22 and its 200-day simple moving average is $34.48.
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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