WT Wealth Management Takes Position in Sprott Critical Materials ETF $SETM

WT Wealth Management purchased a new position in Sprott Critical Materials ETF (NASDAQ:SETM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,623 shares of the company’s stock, valued at approximately $1,675,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Uniplan Investment Counsel Inc. bought a new position in Sprott Critical Materials ETF in the 4th quarter valued at $34,000. Federation des caisses Desjardins du Quebec bought a new stake in shares of Sprott Critical Materials ETF during the fourth quarter worth $38,000. Kestra Advisory Services LLC purchased a new stake in shares of Sprott Critical Materials ETF during the fourth quarter valued at $40,000. Bank of Montreal Can bought a new position in shares of Sprott Critical Materials ETF in the fourth quarter worth about $43,000. Finally, Creative Financial Designs Inc. ADV bought a new position in shares of Sprott Critical Materials ETF in the fourth quarter worth about $62,000.

Sprott Critical Materials ETF Price Performance

Sprott Critical Materials ETF stock opened at $30.99 on Friday. The stock has a market cap of $518.77 million, a price-to-earnings ratio of 29.93 and a beta of 0.95. Sprott Critical Materials ETF has a 1 year low of $17.04 and a 1 year high of $40.55. The firm has a 50-day moving average of $35.56 and a two-hundred day moving average of $34.29.

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.