Triton Wealth Management PLLC Sells 17,597 Shares of Sprott Critical Materials ETF $SETM

Triton Wealth Management PLLC lowered its position in shares of Sprott Critical Materials ETF (NASDAQ:SETM) by 20.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,767 shares of the company’s stock after selling 17,597 shares during the period. Sprott Critical Materials ETF comprises approximately 0.8% of Triton Wealth Management PLLC’s holdings, making the stock its 24th largest holding. Triton Wealth Management PLLC owned about 0.40% of Sprott Critical Materials ETF worth $2,279,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SETM. Royal Bank of Canada lifted its stake in Sprott Critical Materials ETF by 3.7% in the first quarter. Royal Bank of Canada now owns 30,984 shares of the company’s stock worth $437,000 after acquiring an additional 1,116 shares during the period. Scotia Capital Inc. increased its position in Sprott Critical Materials ETF by 29.6% during the 3rd quarter. Scotia Capital Inc. now owns 26,246 shares of the company’s stock valued at $660,000 after purchasing an additional 5,994 shares during the period. National Bank of Canada FI increased its position in Sprott Critical Materials ETF by 560.7% during the 3rd quarter. National Bank of Canada FI now owns 3,006 shares of the company’s stock valued at $75,000 after purchasing an additional 2,551 shares during the period. Paul R. Ried Financial Group LLC raised its holdings in shares of Sprott Critical Materials ETF by 0.7% in the 3rd quarter. Paul R. Ried Financial Group LLC now owns 1,303,117 shares of the company’s stock valued at $32,773,000 after purchasing an additional 8,742 shares in the last quarter. Finally, Dakota Wealth Management bought a new stake in shares of Sprott Critical Materials ETF in the 4th quarter valued at about $288,000.

Sprott Critical Materials ETF Trading Up 0.5%

Shares of SETM traded up $0.14 during mid-day trading on Friday, hitting $30.41. The company’s stock had a trading volume of 92,709 shares, compared to its average volume of 355,106. The company’s 50-day moving average is $34.26 and its 200-day moving average is $34.47. Sprott Critical Materials ETF has a 52-week low of $18.21 and a 52-week high of $40.55. The firm has a market capitalization of $561.98 million, a price-to-earnings ratio of 29.93 and a beta of 1.03.

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.