BFI Infinity Ltd. Takes Position in Sprott Critical Materials ETF $SETM

BFI Infinity Ltd. purchased a new stake in Sprott Critical Materials ETF (NASDAQ:SETM) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 357,485 shares of the company’s stock, valued at approximately $10,349,000. Sprott Critical Materials ETF comprises 6.4% of BFI Infinity Ltd.’s investment portfolio, making the stock its 6th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of SETM. AdvisorNet Financial Inc acquired a new position in Sprott Critical Materials ETF during the third quarter valued at approximately $49,000. National Bank of Canada FI raised its holdings in Sprott Critical Materials ETF by 560.7% in the third quarter. National Bank of Canada FI now owns 3,006 shares of the company’s stock worth $75,000 after purchasing an additional 2,551 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in Sprott Critical Materials ETF in the fourth quarter worth $213,000. Lokken Investment Group LLC bought a new position in shares of Sprott Critical Materials ETF during the third quarter worth $237,000. Finally, PFG Investments LLC bought a new position in shares of Sprott Critical Materials ETF during the third quarter worth $237,000.

Sprott Critical Materials ETF Stock Up 2.2%

Shares of SETM stock opened at $31.90 on Friday. Sprott Critical Materials ETF has a 12-month low of $11.48 and a 12-month high of $40.55. The firm has a fifty day moving average of $35.29 and a 200-day moving average of $30.17. The firm has a market capitalization of $445.32 million, a price-to-earnings ratio of 29.93 and a beta of 0.90.

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.