Sprott Critical Materials ETF (NASDAQ:SETM) Stock Price Down 1.7% – What’s Next?

Shares of Sprott Critical Materials ETF (NASDAQ:SETM) fell 1.7% during mid-day trading on Tuesday . The company traded as low as $31.30 and last traded at $32.17. 232,300 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 383,008 shares. The stock had previously closed at $32.72.

Sprott Critical Materials ETF Price Performance

The stock has a market cap of $556.27 million, a P/E ratio of 29.93 and a beta of 0.95. The firm’s 50 day moving average price is $35.90 and its 200-day moving average price is $33.88.

Institutional Trading of Sprott Critical Materials ETF

Several hedge funds have recently bought and sold shares of the stock. Evolution Wealth Management Inc. purchased a new position in shares of Sprott Critical Materials ETF in the 1st quarter worth $26,000. NFSG Corp boosted its holdings in shares of 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 acquiring an additional 775 shares during the last quarter. Uniplan Investment Counsel Inc. acquired a new position in Sprott Critical Materials ETF during the fourth quarter worth $34,000. Federation des caisses Desjardins du Quebec acquired a new stake in shares of Sprott Critical Materials ETF in the fourth quarter valued at about $38,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Sprott Critical Materials ETF in the fourth quarter valued at about $40,000.

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.