Sprott Critical Materials ETF (NASDAQ:SETM) Shares Down 3.2% – What’s Next?

Sprott Critical Materials ETF (NASDAQ:SETM)’s share price traded down 3.2% on Wednesday. The stock traded as low as $28.76 and last traded at $28.82. 148,292 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 290,330 shares. The stock had previously closed at $29.76.

Sprott Critical Materials ETF Trading Up 1.7%

The company has a market cap of $499.73 million, a price-to-earnings ratio of 29.93 and a beta of 1.15. The business has a fifty day moving average of $32.10 and a two-hundred day moving average of $33.12.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SETM. Waverly Advisors LLC increased its stake in shares of Sprott Critical Materials ETF by 13.6% during the second quarter. Waverly Advisors LLC now owns 5,629 shares of the company’s stock worth $175,000 after purchasing an additional 672 shares in the last quarter. NFSG Corp lifted its stake in 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 buying an additional 775 shares in the last quarter. Evolution Wealth Management Inc. purchased a new position in Sprott Critical Materials ETF in the 1st quarter valued at about $26,000. G&S Capital LLC lifted its stake in Sprott Critical Materials ETF by 1.1% in the 2nd quarter. G&S Capital LLC now owns 72,108 shares of the company’s stock valued at $2,247,000 after buying an additional 808 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Sprott Critical Materials ETF by 675.0% in the 2nd quarter. Allworth Financial LP now owns 1,581 shares of the company’s stock worth $49,000 after buying an additional 1,377 shares during the last quarter.

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.