Triton Wealth Management PLLC Sells 20,848 Shares of Sprott Critical Materials ETF $SETM

Triton Wealth Management PLLC trimmed its holdings in shares of Sprott Critical Materials ETF (NASDAQ:SETM) by 48.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,152 shares of the company’s stock after selling 20,848 shares during the period. Triton Wealth Management PLLC owned about 0.13% of Sprott Critical Materials ETF worth $649,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BFI Infinity Ltd. purchased a new position in Sprott Critical Materials ETF in the 3rd quarter worth approximately $11,880,000. Commonwealth Equity Services LLC bought a new stake in Sprott Critical Materials ETF in the third quarter valued at approximately $3,642,000. Baird Financial Group Inc. bought a new stake in Sprott Critical Materials ETF in the second quarter valued at approximately $3,516,000. Assetmark Inc. bought a new stake in Sprott Critical Materials ETF in the first quarter valued at approximately $2,426,000. Finally, Royal Bank of Canada boosted its stake in shares of Sprott Critical Materials ETF by 807.9% during the first quarter. Royal Bank of Canada now owns 78,684 shares of the company’s stock valued at $2,603,000 after purchasing an additional 70,017 shares during the period.

Sprott Critical Materials ETF Stock Performance

NASDAQ:SETM opened at $24.94 on Wednesday. Sprott Critical Materials ETF has a fifty-two week low of $23.68 and a fifty-two week high of $40.55. The firm has a market cap of $424.23 million, a PE ratio of 18.47 and a beta of 1.22. The business has a 50 day moving average price of $28.67 and a 200-day moving average price of $32.76.

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.