Shares of Sprott Critical Materials ETF (NASDAQ:SETM – Get Free Report) saw an uptick in trading volume on Friday . 300,270 shares traded hands during mid-day trading, a decline of 14% from the previous session’s volume of 348,554 shares.The stock last traded at $28.03 and had previously closed at $28.60.
Sprott Critical Materials ETF Trading Down 0.9%
The stock has a market capitalization of $523.72 million, a PE ratio of 29.93 and a beta of 1.03. The firm has a 50-day moving average price of $33.63 and a 200-day moving average price of $34.49.
Hedge Funds Weigh In On Sprott Critical Materials ETF
Several institutional investors have recently added to or reduced their stakes in SETM. Evolution Wealth Management Inc. purchased a new stake in Sprott Critical Materials ETF during the first quarter worth about $26,000. NFSG Corp boosted its stake in Sprott Critical Materials ETF by 704.5% in the first quarter. NFSG Corp now owns 885 shares of the company’s stock valued at $29,000 after acquiring an additional 775 shares during the last quarter. Uniplan Investment Counsel Inc. bought a new position in shares of Sprott Critical Materials ETF during the 4th quarter valued at approximately $34,000. Federation des caisses Desjardins du Quebec bought a new position in shares of Sprott Critical Materials ETF during the 4th quarter valued at approximately $38,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Sprott Critical Materials ETF during the 4th quarter valued at approximately $40,000.
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.
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