Triton Wealth Management PLLC Decreases Stock Holdings in Sprott Critical Materials ETF $SETM

Triton Wealth Management PLLC lowered its stake in shares of Sprott Critical Materials ETF (NASDAQ:SETM) by 20.9% during the first quarter, Holdings Channel.com reports. The firm owned 66,767 shares of the company’s stock after selling 17,597 shares during the quarter. Sprott Critical Materials ETF makes up about 0.8% of Triton Wealth Management PLLC’s investment portfolio, making the stock its 24th biggest position. Triton Wealth Management PLLC’s holdings in Sprott Critical Materials ETF were worth $2,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. bought a new position in Sprott Critical Materials ETF in the first quarter worth about $26,000. Uniplan Investment Counsel Inc. bought a new stake in shares of Sprott Critical Materials ETF in the 4th quarter valued at about $34,000. Federation des caisses Desjardins du Quebec purchased a new position in shares of Sprott Critical Materials ETF in the 4th quarter worth approximately $38,000. Kestra Advisory Services LLC purchased a new position in shares of Sprott Critical Materials ETF in the 4th quarter worth approximately $40,000. Finally, Bank of Montreal Can bought a new position in shares of Sprott Critical Materials ETF during the 4th quarter worth approximately $43,000.

Sprott Critical Materials ETF Stock Performance

NASDAQ:SETM traded up $0.14 during midday trading on Friday, reaching $30.41. 92,709 shares of the stock traded hands, compared to its average volume of 355,106. The stock has a market capitalization of $561.98 million, a PE ratio of 29.93 and a beta of 1.03. Sprott Critical Materials ETF has a 12-month low of $18.21 and a 12-month high of $40.55. The business has a 50-day moving average of $34.26 and a two-hundred day moving average of $34.47.

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.