38,700 Sprott Critical Materials ETF $SETM Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel trimmed its position in Sprott Critical Materials ETF (NASDAQ:SETM) by 29.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 90,844 shares of the company’s stock after selling 38,700 shares during the period. Carnegie Investment Counsel’s holdings in Sprott Critical Materials ETF were worth $2,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harfst & Associates Inc. increased its stake in Sprott Critical Materials ETF by 2.1% in the 3rd quarter. Harfst & Associates Inc. now owns 23,914 shares of the company’s stock valued at $701,000 after buying an additional 499 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Sprott Critical Materials ETF by 52.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 15,791 shares of the company’s stock worth $457,000 after acquiring an additional 5,453 shares during the period. BFI Infinity Ltd. acquired a new stake in shares of Sprott Critical Materials ETF in the 3rd quarter worth $11,880,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of Sprott Critical Materials ETF by 43.2% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 147,739 shares of the company’s stock worth $4,329,000 after acquiring an additional 44,580 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Sprott Critical Materials ETF by 17.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 45,514 shares of the company’s stock worth $1,418,000 after acquiring an additional 6,910 shares during the period.

Sprott Critical Materials ETF Stock Up 0.2%

Shares of NASDAQ:SETM opened at $26.20 on Thursday. The company has a market cap of $454.57 million, a price-to-earnings ratio of 29.93 and a beta of 1.15. The firm’s 50-day simple moving average is $31.25 and its 200-day simple moving average is $32.78. Sprott Critical Materials ETF has a fifty-two week low of $23.71 and a fifty-two week high of $40.55.

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.