Fortis Advisors LLC Makes New Investment in Sprott Critical Materials ETF $SETM

Fortis Advisors LLC purchased a new position in shares of Sprott Critical Materials ETF (NASDAQ:SETM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 142,389 shares of the company’s stock, valued at approximately $3,581,000. Sprott Critical Materials ETF accounts for about 2.0% of Fortis Advisors LLC’s portfolio, making the stock its 14th largest holding.

A number of other hedge funds have also recently modified their holdings of SETM. Jaffetilchin Investment Partners LLC purchased a new position in Sprott Critical Materials ETF during the second quarter worth about $443,000. Scotia Capital Inc. acquired a new stake in shares of Sprott Critical Materials ETF during the 2nd quarter worth approximately $351,000. Brookstone Capital Management acquired a new stake in shares of Sprott Critical Materials ETF during the 3rd quarter worth approximately $929,000. Paul R. Ried Financial Group LLC raised its position in shares of Sprott Critical Materials ETF by 8.8% during the 2nd quarter. Paul R. Ried Financial Group LLC now owns 1,294,375 shares of the company’s stock valued at $22,419,000 after buying an additional 105,155 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new position in Sprott Critical Materials ETF in the third quarter valued at approximately $14,044,000.

Sprott Critical Materials ETF Stock Performance

Shares of Sprott Critical Materials ETF stock opened at $35.65 on Friday. The firm has a market capitalization of $497.67 million, a price-to-earnings ratio of 29.93 and a beta of 0.90. Sprott Critical Materials ETF has a fifty-two week low of $11.48 and a fifty-two week high of $40.55. The stock has a 50 day moving average of $33.29 and a 200 day moving average of $27.68.

Sprott Critical Materials ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were paid a dividend of $0.4527 per share. This represents a yield of 164.0%. The ex-dividend date of this dividend was Thursday, December 18th.

Sprott Critical Materials ETF 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.