Paul R. Ried Financial Group LLC raised its holdings in Sprott Critical Materials ETF (NASDAQ:SETM – Free Report) by 8.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,294,375 shares of the company’s stock after purchasing an additional 105,155 shares during the period. Sprott Critical Materials ETF accounts for approximately 13.6% of Paul R. Ried Financial Group LLC’s portfolio, making the stock its 2nd largest holding. Paul R. Ried Financial Group LLC owned approximately 41.09% of Sprott Critical Materials ETF worth $22,419,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Financial Security Advisor Inc. acquired a new position in shares of Sprott Critical Materials ETF during the 2nd quarter worth approximately $192,000. Lane Generational LLC purchased a new position in Sprott Critical Materials ETF during the first quarter worth $262,000. Finally, Royal Bank of Canada increased its position in Sprott Critical Materials ETF by 3.7% during the first quarter. Royal Bank of Canada now owns 30,984 shares of the company’s stock worth $437,000 after buying an additional 1,116 shares in the last quarter.
Sprott Critical Materials ETF Stock Down 0.2%
NASDAQ SETM opened at $26.15 on Friday. Sprott Critical Materials ETF has a fifty-two week low of $11.48 and a fifty-two week high of $30.15. The business has a fifty day moving average of $25.52 and a 200-day moving average of $20.60. The stock has a market cap of $158.73 million, a price-to-earnings ratio of 29.93 and a beta of 0.90.
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.
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