Merit Financial Group LLC Takes $825,000 Position in SEI Select Emerging Markets Equity ETF $SEEM

Merit Financial Group LLC purchased a new stake in SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,294 shares of the company’s stock, valued at approximately $825,000. Merit Financial Group LLC owned 0.27% of SEI Select Emerging Markets Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SEEM. Apeiron RIA LLC purchased a new stake in shares of SEI Select Emerging Markets Equity ETF in the 1st quarter worth $3,347,000. S&T Bank PA lifted its stake in SEI Select Emerging Markets Equity ETF by 1,880.4% in the second quarter. S&T Bank PA now owns 104,033 shares of the company’s stock worth $2,862,000 after acquiring an additional 98,780 shares during the period. Apella Capital LLC purchased a new stake in SEI Select Emerging Markets Equity ETF in the third quarter worth about $1,587,000. Geneos Wealth Management Inc. grew its holdings in SEI Select Emerging Markets Equity ETF by 7.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 21,447 shares of the company’s stock worth $531,000 after acquiring an additional 1,502 shares in the last quarter. Finally, Stark Wealth Management LLC purchased a new position in SEI Select Emerging Markets Equity ETF during the 2nd quarter valued at about $500,000.

SEI Select Emerging Markets Equity ETF Stock Performance

Shares of SEEM opened at $32.40 on Thursday. The company has a 50 day moving average price of $30.99 and a 200-day moving average price of $29.67. SEI Select Emerging Markets Equity ETF has a fifty-two week low of $21.28 and a fifty-two week high of $32.74. The stock has a market capitalization of $381.35 million, a PE ratio of 11.47 and a beta of 1.54.

SEI Select Emerging Markets Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were issued a dividend of $0.5243 per share. This is an increase from SEI Select Emerging Markets Equity ETF’s previous quarterly dividend of $0.11. This represents a $2.10 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Monday, December 29th.

SEI Select Emerging Markets Equity ETF Profile

The SEI Select Emerging Markets Equity ETF (SEEM) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking capital appreciation through investments in companies from emerging markets. The selection process integrates the advisers proprietary quantitative model with recommendations from one or more sub-advisers. SEEM was launched on Oct 10, 2024 and is issued by SEI.