Assetmark Inc. Takes $2.43 Million Position in Sprott Critical Materials ETF $SETM

Assetmark Inc. purchased a new stake in shares of Sprott Critical Materials ETF (NASDAQ:SETM) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 73,333 shares of the company’s stock, valued at approximately $2,426,000. Assetmark Inc. owned approximately 0.44% of Sprott Critical Materials ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SETM. Geneos Wealth Management Inc. bought a new stake in shares of Sprott Critical Materials ETF in the first quarter worth $50,000. NFSG Corp boosted its holdings in Sprott Critical Materials ETF by 704.5% in 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 last quarter. Carnegie Investment Counsel increased its position in Sprott Critical Materials ETF by 7.8% during the 1st quarter. Carnegie Investment Counsel now owns 85,312 shares of the company’s stock valued at $2,822,000 after purchasing an additional 6,144 shares during the period. Childress Capital Advisors LLC acquired a new stake in Sprott Critical Materials ETF during the 1st quarter valued at approximately $310,000. Finally, Evolution Wealth Management Inc. bought a new position in Sprott Critical Materials ETF during the 1st quarter worth approximately $26,000.

Sprott Critical Materials ETF Stock Down 1.4%

Shares of NASDAQ SETM opened at $29.41 on Friday. The company has a market capitalization of $533.79 million, a PE ratio of 29.93 and a beta of 1.03. The firm has a fifty day simple moving average of $32.69 and a 200 day simple moving average of $34.49. Sprott Critical Materials ETF has a twelve month low of $18.21 and a twelve month high of $40.55.

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.