Sprott Critical Materials ETF $SETM Shares Sold by Paul R. Ried Financial Group LLC

Paul R. Ried Financial Group LLC decreased its holdings in Sprott Critical Materials ETF (NASDAQ:SETM) by 8.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 923,972 shares of the company’s stock after selling 79,972 shares during the period. Sprott Critical Materials ETF makes up about 12.6% of Paul R. Ried Financial Group LLC’s investment portfolio, making the stock its 2nd largest position. Paul R. Ried Financial Group LLC owned 5.00% of Sprott Critical Materials ETF worth $28,791,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SETM. NFSG Corp grew its stake in Sprott Critical Materials ETF by 704.5% during the first quarter. NFSG Corp now owns 885 shares of the company’s stock worth $29,000 after buying an additional 775 shares during the period. Evolution Wealth Management Inc. acquired a new stake in shares of Sprott Critical Materials ETF in the first quarter worth $26,000. Fortis Advisors LLC increased its position in shares of Sprott Critical Materials ETF by 0.7% in the fourth quarter. Fortis Advisors LLC now owns 143,405 shares of the company’s stock worth $4,152,000 after acquiring an additional 1,016 shares in the last quarter. Royal Bank of Canada raised its stake in shares of 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 acquiring an additional 1,116 shares during the period. Finally, Uniplan Investment Counsel Inc. purchased a new position in shares of Sprott Critical Materials ETF in the 4th quarter valued at $34,000.

Sprott Critical Materials ETF Trading Up 5.7%

NASDAQ:SETM opened at $30.82 on Wednesday. The firm’s fifty day simple moving average is $31.76 and its 200 day simple moving average is $34.25. Sprott Critical Materials ETF has a twelve month low of $19.22 and a twelve month high of $40.55. The firm has a market capitalization of $550.14 million, a price-to-earnings ratio of 29.93 and a beta of 1.06.

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. SETM was launched on Feb 1, 2023 and is managed by Sprott.