Royal Bank of Canada Grows Position in Sprott Critical Materials ETF $SETM

Royal Bank of Canada boosted its holdings in shares of Sprott Critical Materials ETF (NASDAQ:SETM) by 807.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,684 shares of the company’s stock after acquiring an additional 70,017 shares during the period. Royal Bank of Canada owned about 0.47% of Sprott Critical Materials ETF worth $2,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. NFSG Corp raised its holdings in shares of Sprott Critical Materials ETF by 704.5% in the 1st quarter. NFSG Corp now owns 885 shares of the company’s stock valued at $29,000 after purchasing an additional 775 shares in the last quarter. Evolution Wealth Management Inc. bought a new position in shares of Sprott Critical Materials ETF during the first quarter valued at approximately $26,000. Fortis Advisors LLC increased its holdings in Sprott Critical Materials ETF by 0.7% during the fourth quarter. Fortis Advisors LLC now owns 143,405 shares of the company’s stock valued at $4,152,000 after buying an additional 1,016 shares during the period. Uniplan Investment Counsel Inc. purchased a new position in Sprott Critical Materials ETF during the fourth quarter valued at approximately $34,000. Finally, Federation des caisses Desjardins du Quebec bought a new position in Sprott Critical Materials ETF in the fourth quarter worth approximately $38,000.

Sprott Critical Materials ETF Price Performance

Sprott Critical Materials ETF stock opened at $32.98 on Monday. The business has a fifty day moving average of $31.19 and a two-hundred day moving average of $34.03. The firm has a market cap of $588.69 million, a P/E ratio of 29.93 and a beta of 1.06. Sprott Critical Materials ETF has a twelve month low of $19.84 and a twelve month high of $40.55.

Sprott Critical Materials ETF Company 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.