Sprott Critical Materials ETF $SETM Position Trimmed by Paul R. Ried Financial Group LLC

Paul R. Ried Financial Group LLC lessened its stake in shares of Sprott Critical Materials ETF (NASDAQ:SETM) by 11.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,148,526 shares of the company’s stock after selling 154,591 shares during the period. Sprott Critical Materials ETF makes up about 15.7% of Paul R. Ried Financial Group LLC’s portfolio, making the stock its biggest position. Paul R. Ried Financial Group LLC owned approximately 8.23% of Sprott Critical Materials ETF worth $33,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SETM. Thrivent Financial for Lutherans purchased a new position in Sprott Critical Materials ETF in the 3rd quarter worth $14,044,000. BFI Infinity Ltd. purchased a new stake in Sprott Critical Materials ETF in the fourth quarter valued at approximately $10,349,000. Fortis Advisors LLC purchased a new stake in Sprott Critical Materials ETF in the third quarter valued at approximately $3,581,000. TKG Advisors LLC purchased a new stake in Sprott Critical Materials ETF in the fourth quarter valued at approximately $3,065,000. Finally, Triton Wealth Management PLLC purchased a new stake in Sprott Critical Materials ETF in the fourth quarter valued at approximately $2,442,000.

Sprott Critical Materials ETF Stock Down 1.8%

Shares of NASDAQ SETM opened at $34.61 on Tuesday. The business’s 50 day moving average price is $35.14 and its 200 day moving average price is $32.75. Sprott Critical Materials ETF has a 52 week low of $14.28 and a 52 week high of $40.55. 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 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.