Sprott Critical Materials ETF (NASDAQ:SETM) Trading Down 1.7% – Should You Sell?

Sprott Critical Materials ETF (NASDAQ:SETM)’s stock price fell 1.7% during trading on Tuesday . The company traded as low as $31.30 and last traded at $32.17. 232,300 shares were traded 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 firm has a market cap of $538.53 million, a PE ratio of 29.93 and a beta of 0.95. The stock has a 50-day moving average price of $35.90 and a 200 day moving average price of $33.79.

Institutional Investors Weigh In On Sprott Critical Materials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Evolution Wealth Management Inc. purchased a new stake in Sprott Critical Materials ETF during the first quarter valued at about $26,000. NFSG Corp grew its position in Sprott Critical Materials ETF by 704.5% during the first quarter. NFSG Corp now owns 885 shares of the company’s stock valued at $29,000 after acquiring an additional 775 shares during the period. Uniplan Investment Counsel Inc. purchased a new stake in Sprott Critical Materials ETF during the fourth quarter valued at about $34,000. Federation des caisses Desjardins du Quebec purchased a new stake in Sprott Critical Materials ETF during the fourth quarter valued at about $38,000. Finally, Kestra Advisory Services LLC purchased a new stake in Sprott Critical Materials ETF during the fourth quarter valued at about $40,000.

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.