Thrivent Financial for Lutherans Acquires Shares of 558,427 Sprott Critical Materials ETF $SETM

Thrivent Financial for Lutherans bought a new stake in Sprott Critical Materials ETF (NASDAQ:SETM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 558,427 shares of the company’s stock, valued at approximately $14,044,000. Thrivent Financial for Lutherans owned about 9.20% of Sprott Critical Materials ETF as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Paul R. Ried Financial Group LLC raised its position in Sprott Critical Materials ETF by 8.8% during the 2nd quarter. Paul R. Ried Financial Group LLC now owns 1,294,375 shares of the company’s stock worth $22,419,000 after purchasing an additional 105,155 shares during the last quarter. Brookstone Capital Management bought a new stake in Sprott Critical Materials ETF in the 3rd quarter valued at about $929,000. Royal Bank of Canada raised its position in shares of 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 purchasing an additional 1,116 shares during the period. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Sprott Critical Materials ETF in the 2nd quarter worth about $443,000. Finally, Scotia Capital Inc. bought a new position in Sprott Critical Materials ETF during the 2nd quarter valued at $351,000.

Sprott Critical Materials ETF Price Performance

Shares of NASDAQ:SETM opened at $35.21 on Thursday. The company has a market capitalization of $491.53 million, a PE ratio of 29.93 and a beta of 0.90. Sprott Critical Materials ETF has a 1 year low of $11.48 and a 1 year high of $40.55. The business has a fifty day moving average price of $31.78 and a two-hundred day moving average price of $26.56.

Sprott Critical Materials ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were issued a dividend of $0.4527 per share. This represents a yield of 164.0%. The ex-dividend date of this dividend was Thursday, December 18th.

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.