Sprott Critical Materials ETF $SETM Stock Holdings Lowered by Paul R. Ried Financial Group LLC

Paul R. Ried Financial Group LLC cut its stake in shares of Sprott Critical Materials ETF (NASDAQ:SETM) by 8.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 923,972 shares of the company’s stock after selling 79,972 shares during the period. Sprott Critical Materials ETF makes up approximately 12.6% of Paul R. Ried Financial Group LLC’s holdings, making the stock its 2nd biggest holding. Paul R. Ried Financial Group LLC’s holdings in Sprott Critical Materials ETF were worth $28,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Evolution Wealth Management Inc. purchased a new position in Sprott Critical Materials ETF in the 1st quarter worth approximately $26,000. NFSG Corp raised its stake in shares of Sprott Critical Materials ETF by 704.5% during the first quarter. NFSG Corp now owns 885 shares of the company’s stock valued at $29,000 after purchasing an additional 775 shares during the period. Uniplan Investment Counsel Inc. purchased a new stake in shares of Sprott Critical Materials ETF during the fourth quarter valued at approximately $34,000. Federation des caisses Desjardins du Quebec acquired a new position in shares of Sprott Critical Materials ETF during the fourth quarter worth $38,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Sprott Critical Materials ETF during the fourth quarter worth $40,000.

Sprott Critical Materials ETF Trading Up 5.7%

Shares of SETM stock opened at $30.82 on Wednesday. The company has a market capitalization of $550.14 million, a PE ratio of 29.93 and a beta of 1.06. The firm has a fifty day simple moving average of $31.76 and a 200-day simple moving average of $34.25. Sprott Critical Materials ETF has a twelve month low of $19.22 and a twelve month high of $40.55.

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.