Sprott Critical Materials ETF $SETM Shares Sold by Paul R. Ried Financial Group LLC

Paul R. Ried Financial Group LLC decreased its holdings in shares of Sprott Critical Materials ETF (NASDAQ:SETM) by 12.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,003,944 shares of the company’s stock after selling 144,582 shares during the period. Sprott Critical Materials ETF accounts for about 15.4% of Paul R. Ried Financial Group LLC’s holdings, making the stock its biggest holding. Paul R. Ried Financial Group LLC owned about 0.06% of Sprott Critical Materials ETF worth $33,210,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. purchased a new stake in Sprott Critical Materials ETF in the 1st quarter worth $26,000. NFSG Corp raised its position in Sprott Critical Materials ETF by 704.5% during the first quarter. NFSG Corp now owns 885 shares of the company’s stock worth $29,000 after acquiring an additional 775 shares during the period. Uniplan Investment Counsel Inc. purchased a new position in Sprott Critical Materials ETF during the fourth quarter valued at $34,000. Federation des caisses Desjardins du Quebec purchased a new position in Sprott Critical Materials ETF during the fourth quarter valued at $38,000. Finally, Kestra Advisory Services LLC purchased a new position in Sprott Critical Materials ETF during the fourth quarter valued at $40,000.

Sprott Critical Materials ETF Stock Down 0.4%

Shares of NASDAQ SETM opened at $28.24 on Tuesday. The firm has a market cap of $521.88 million, a price-to-earnings ratio of 29.93 and a beta of 1.03. The company’s 50-day simple moving average is $33.22 and its 200-day simple moving average is $34.48. Sprott Critical Materials ETF has a 52-week low of $18.21 and a 52-week high of $40.55.

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.