SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Hits New 12-Month High – What’s Next?

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) shares reached a new 52-week high on Wednesday . The company traded as high as $52.75 and last traded at $52.75, with a volume of 27672 shares. The stock had previously closed at $52.29.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Down 1.8%

The stock has a market capitalization of $808.18 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The business has a 50-day simple moving average of $48.55 and a two-hundred day simple moving average of $47.32.

Institutional Investors Weigh In On SEI Enhanced U.S. Large Cap Momentum Factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of SEIM. Bank of America Corp DE lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% during the 4th quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock valued at $49,000 after acquiring an additional 816 shares during the last quarter. Royal Bank of Canada lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 58.3% during the 1st quarter. Royal Bank of Canada now owns 9,440 shares of the company’s stock valued at $340,000 after acquiring an additional 3,476 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.8% during the 2nd quarter. NewEdge Advisors LLC now owns 43,268 shares of the company’s stock valued at $1,824,000 after acquiring an additional 765 shares during the last quarter. Binnacle Investments Inc lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 66.2% during the 2nd quarter. Binnacle Investments Inc now owns 6,357 shares of the company’s stock valued at $268,000 after acquiring an additional 2,533 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 64.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 10,888 shares of the company’s stock valued at $494,000 after acquiring an additional 4,258 shares during the last quarter.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Company 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.