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

TKG Advisors LLC purchased a new stake in shares of Sprott Critical Materials ETF (NASDAQ:SETM) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 105,880 shares of the company’s stock, valued at approximately $3,065,000. Sprott Critical Materials ETF accounts for approximately 1.2% of TKG Advisors LLC’s holdings, making the stock its 25th largest holding.

Several other hedge funds also recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Sprott Critical Materials ETF by 3.7% in the 1st quarter. Royal Bank of Canada now owns 30,984 shares of the company’s stock worth $437,000 after buying an additional 1,116 shares in the last quarter. AdvisorNet Financial Inc bought a new position in Sprott Critical Materials ETF during the third quarter valued at about $49,000. National Bank of Canada FI boosted its stake in Sprott Critical Materials ETF by 560.7% during the third quarter. National Bank of Canada FI now owns 3,006 shares of the company’s stock valued at $75,000 after buying an additional 2,551 shares in the last quarter. Scotia Capital Inc. grew its holdings in Sprott Critical Materials ETF by 29.6% during the third quarter. Scotia Capital Inc. now owns 26,246 shares of the company’s stock worth $660,000 after acquiring an additional 5,994 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new position in Sprott Critical Materials ETF during the fourth quarter worth about $213,000.

Sprott Critical Materials ETF Trading Down 3.7%

Shares of Sprott Critical Materials ETF stock opened at $36.87 on Friday. Sprott Critical Materials ETF has a 52 week low of $13.82 and a 52 week high of $40.55. The stock has a market cap of $598.03 million, a PE ratio of 29.93 and a beta of 0.97. The company’s 50-day moving average price is $34.99 and its two-hundred day moving average price is $31.66.

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.