Royal Bank of Canada Boosts Stock Position in Sprott Critical Materials ETF $SETM

Royal Bank of Canada boosted its position in Sprott Critical Materials ETF (NASDAQ:SETM) by 807.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,684 shares of the company’s stock after purchasing an additional 70,017 shares during the quarter. Royal Bank of Canada’s holdings in Sprott Critical Materials ETF were worth $2,603,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. NFSG Corp lifted its position in shares of Sprott Critical Materials ETF by 704.5% during the first quarter. NFSG Corp now owns 885 shares of the company’s stock valued at $29,000 after buying an additional 775 shares during the last quarter. Evolution Wealth Management Inc. purchased a new position in shares of Sprott Critical Materials ETF in the 1st quarter worth approximately $26,000. Fortis Advisors LLC grew its position in shares of Sprott Critical Materials ETF by 0.7% in the 4th quarter. Fortis Advisors LLC now owns 143,405 shares of the company’s stock worth $4,152,000 after buying an additional 1,016 shares during the last quarter. Uniplan Investment Counsel Inc. purchased a new position in shares of Sprott Critical Materials ETF in the 4th quarter worth approximately $34,000. Finally, Federation des caisses Desjardins du Quebec bought a new position in shares of Sprott Critical Materials ETF during the 4th quarter worth approximately $38,000.

Sprott Critical Materials ETF Price Performance

NASDAQ:SETM opened at $32.98 on Monday. Sprott Critical Materials ETF has a 52 week low of $19.84 and a 52 week high of $40.55. The firm has a 50 day moving average of $31.19 and a 200 day moving average of $34.03. The stock has a market capitalization of $588.69 million, a price-to-earnings ratio of 29.93 and a beta of 1.06.

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.