Thrivent Financial for Lutherans raised its stake in shares of Sprott Critical Materials ETF (NASDAQ:SETM – Free Report) by 69.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 948,711 shares of the company’s stock after acquiring an additional 390,284 shares during the quarter. Thrivent Financial for Lutherans owned approximately 6.80% of Sprott Critical Materials ETF worth $27,558,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Triton Wealth Management PLLC bought a new position in shares of Sprott Critical Materials ETF during the fourth quarter valued at $2,442,000. TKG Advisors LLC bought a new position in shares of Sprott Critical Materials ETF during the fourth quarter valued at $3,065,000. G&S Capital LLC bought a new position in shares of Sprott Critical Materials ETF during the fourth quarter valued at $2,035,000. PFG Advisors bought a new position in shares of Sprott Critical Materials ETF during the fourth quarter valued at $868,000. Finally, Private Trust Co. NA bought a new position in shares of Sprott Critical Materials ETF during the fourth quarter valued at $1,035,000.
Sprott Critical Materials ETF Stock Performance
Shares of NASDAQ SETM opened at $35.23 on Monday. The stock has a market cap of $589.75 million, a PE ratio of 29.93 and a beta of 0.99. The business has a fifty day moving average of $35.14 and a two-hundred day moving average of $32.69. Sprott Critical Materials ETF has a 52-week low of $14.28 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.
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