Sprott Critical Materials ETF (NASDAQ:SETM) Declares Annual Dividend of $0.45

Sprott Critical Materials ETF (NASDAQ:SETM) announced an annual dividend on Wednesday, December 17th. Investors of record on Thursday, December 18th will be paid a dividend of 0.4527 per share on Monday, December 22nd. This represents a yield of 162.0%. The ex-dividend date is Thursday, December 18th.

Sprott Critical Materials ETF Trading Down 0.8%

SETM stock opened at $27.67 on Thursday. The firm has a 50-day moving average of $27.03 and a two-hundred day moving average of $22.65. Sprott Critical Materials ETF has a 12 month low of $11.48 and a 12 month high of $30.15. The company has a market cap of $167.96 million, a price-to-earnings ratio of 29.93 and a beta of 0.90.

Hedge Funds Weigh In On Sprott Critical Materials ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in Sprott Critical Materials ETF by 3.7% in the 1st quarter. Royal Bank of Canada now owns 30,984 shares of the company’s stock valued at $437,000 after buying an additional 1,116 shares in the last quarter. Financial Security Advisor Inc. acquired a new position in shares of Sprott Critical Materials ETF during the 2nd quarter valued at about $192,000. Paul R. Ried Financial Group LLC grew its holdings in shares of Sprott Critical Materials ETF by 8.8% in the second quarter. Paul R. Ried Financial Group LLC now owns 1,294,375 shares of the company’s stock valued at $22,419,000 after purchasing an additional 105,155 shares during the period. Jaffetilchin Investment Partners LLC purchased a new stake in shares of Sprott Critical Materials ETF in the second quarter valued at about $443,000. Finally, Scotia Capital Inc. acquired a new stake in Sprott Critical Materials ETF during the second quarter worth about $351,000.

About Sprott Critical Materials ETF

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.