S&T Bank PA boosted its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM – Free Report) by 1,715.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 180,350 shares of the company’s stock after purchasing an additional 170,417 shares during the quarter. SEI Enhanced U.S. Large Cap Momentum Factor ETF comprises 2.3% of S&T Bank PA’s holdings, making the stock its 7th largest position. S&T Bank PA’s holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF were worth $7,604,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 312.6% during the first quarter. Geneos Wealth Management Inc. now owns 121,395 shares of the company’s stock valued at $4,378,000 after purchasing an additional 91,976 shares during the last quarter. Atria Investments Inc boosted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 182.0% during the 2nd quarter. Atria Investments Inc now owns 76,716 shares of the company’s stock worth $3,234,000 after acquiring an additional 49,507 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 4.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 71,875 shares of the company’s stock worth $3,032,000 after buying an additional 3,146 shares during the last quarter. Csenge Advisory Group lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 3.2% in the second quarter. Csenge Advisory Group now owns 44,347 shares of the company’s stock valued at $1,764,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Marks Group Wealth Management Inc bought a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the first quarter worth $1,342,000.
SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 15.7%
Shares of SEIM stock opened at $45.12 on Friday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 12-month low of $30.22 and a 12-month high of $42.91. The company has a market capitalization of $700.71 million, a PE ratio of 29.16 and a beta of 1.09. The firm has a 50 day moving average price of $44.98 and a two-hundred day moving average price of $42.22.
SEI Enhanced U.S. Large Cap Momentum Factor ETF Cuts Dividend
SEI Enhanced U.S. Large Cap Momentum Factor ETF Profile
The SEI Large Cap Momentum Factor ETF (SEIM) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of large-cap US companies, exhibiting strong momentum. Selection is based on a quantitative model and an optimization process. SEIM was launched on May 18, 2022 and is managed by SEI.
Further Reading
- Five stocks we like better than SEI Enhanced U.S. Large Cap Momentum Factor ETF
- What is a Microcap Stock? Everything You Need to Know
- Why Investors Shouldn’t Fear the Dip in Microsoft Stock
- What is diluted earnings per share (Diluted EPS)?
- DigitalOcean’s Tide Has Turned: Get Ready to Ride the Wave
- How to start investing in penny stocks
- CAVA Stock Looking for Direction After Earnings Miss
Want to see what other hedge funds are holding SEIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM – Free Report).
Receive News & Ratings for SEI Enhanced U.S. Large Cap Momentum Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEI Enhanced U.S. Large Cap Momentum Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
