Stegent Equity Advisors Inc. Acquires 16,141 Shares of Sprott Critical Materials ETF $SETM

Stegent Equity Advisors Inc. boosted its holdings in shares of Sprott Critical Materials ETF (NASDAQ:SETM) by 79.4% in the first quarter, HoldingsChannel reports. The firm owned 36,467 shares of the company’s stock after acquiring an additional 16,141 shares during the period. Stegent Equity Advisors Inc.’s holdings in Sprott Critical Materials ETF were worth $1,206,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Fortis Advisors LLC boosted its stake in 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 purchasing an additional 1,016 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Sprott Critical Materials ETF by 3.7% in the first 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 during the last quarter. Uniplan Investment Counsel Inc. bought a new position in shares of Sprott Critical Materials ETF in the fourth quarter valued at about $34,000. Federation des caisses Desjardins du Quebec bought a new position in shares of Sprott Critical Materials ETF in the fourth quarter valued at about $38,000. Finally, Kestra Advisory Services LLC acquired a new position in Sprott Critical Materials ETF during the 4th quarter worth about $40,000.

Sprott Critical Materials ETF Stock Down 0.6%

Shares of NASDAQ:SETM opened at $30.98 on Thursday. Sprott Critical Materials ETF has a 12 month low of $17.17 and a 12 month high of $40.55. The company’s 50-day moving average price is $35.12 and its two-hundred day moving average price is $34.38. The firm has a market cap of $572.51 million, a P/E ratio of 29.93 and a beta of 1.03.

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.