Sprott Critical Materials ETF (NASDAQ:SETM) Shares Up 1.6% – Time to Buy?

Sprott Critical Materials ETF (NASDAQ:SETM)’s share price traded up 1.6% during mid-day trading on Tuesday . The stock traded as high as $35.00 and last traded at $34.50. Approximately 86,869 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 303,011 shares. The stock had previously closed at $33.96.

Sprott Critical Materials ETF Stock Performance

The company has a market capitalization of $583.34 million, a P/E ratio of 29.93 and a beta of 1.09. The business’s fifty day simple moving average is $31.76 and its 200-day simple moving average is $33.84.

Institutional Trading of Sprott Critical Materials ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SETM. WT Wealth Management purchased a new position in Sprott Critical Materials ETF during the 1st quarter valued at $1,675,000. Commonwealth Equity Services LLC increased its stake in Sprott Critical Materials ETF by 102.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 106,086 shares of the company’s stock worth $3,071,000 after buying an additional 53,699 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Sprott Critical Materials ETF by 69.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 948,711 shares of the company’s stock valued at $27,558,000 after buying an additional 390,284 shares in the last quarter. Stegent Equity Advisors Inc. boosted its position in Sprott Critical Materials ETF by 79.4% in the 1st quarter. Stegent Equity Advisors Inc. now owns 36,467 shares of the company’s stock valued at $1,206,000 after buying an additional 16,141 shares during the period. Finally, Assetmark Inc. bought a new position in Sprott Critical Materials ETF in the 1st quarter worth about $2,426,000.

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.