Thrivent Financial for Lutherans Has $27.56 Million Stock Holdings in Sprott Critical Materials ETF $SETM

Thrivent Financial for Lutherans grew its holdings in Sprott Critical Materials ETF (NASDAQ:SETM) by 69.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 948,711 shares of the company’s stock after buying an additional 390,284 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Sprott Critical Materials ETF worth $27,558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SETM. Royal Bank of Canada increased its stake in shares of 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 valued at $437,000 after buying an additional 1,116 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of Sprott Critical Materials ETF in the third quarter valued at $237,000. Lokken Investment Group LLC acquired a new stake in shares of Sprott Critical Materials ETF in the third quarter valued at $237,000. Fortis Advisors LLC acquired a new stake in shares of Sprott Critical Materials ETF in the third quarter valued at $3,581,000. Finally, Scotia Capital Inc. increased its stake in shares of Sprott Critical Materials ETF by 29.6% in the third quarter. Scotia Capital Inc. now owns 26,246 shares of the company’s stock valued at $660,000 after buying an additional 5,994 shares in the last quarter.

Sprott Critical Materials ETF Stock Performance

Shares of NASDAQ:SETM opened at $35.23 on Monday. Sprott Critical Materials ETF has a twelve month low of $14.28 and a twelve month high of $40.55. The firm has a market cap of $589.75 million, a PE ratio of 29.93 and a beta of 0.99. The business has a fifty day moving average of $35.14 and a 200-day moving average of $32.69.

About Sprott Critical Materials ETF

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.