SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Reaches New 1-Year High – Should You Buy?

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) hit a new 52-week high on Friday . The stock traded as high as $53.15 and last traded at $53.12, with a volume of 9397 shares trading hands. The stock had previously closed at $52.88.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Up 0.5%

The firm has a market cap of $825.26 million, a P/E ratio of 29.16 and a beta of 1.09. The company’s 50-day moving average is $49.04 and its two-hundred day moving average is $47.51.

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

A number of hedge funds have recently modified their holdings of the stock. Assetmark Inc. raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% in the 3rd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock worth $68,000 after purchasing an additional 284 shares during the period. LPL Financial LLC raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.3% in the 4th quarter. LPL Financial LLC now owns 17,407 shares of the company’s stock worth $803,000 after purchasing an additional 388 shares during the period. Stewardship Advisors LLC raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% in the 4th quarter. Stewardship Advisors LLC now owns 20,958 shares of the company’s stock worth $967,000 after purchasing an additional 500 shares during the period. Binnacle Investments Inc raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 8.2% in the 3rd quarter. Binnacle Investments Inc now owns 6,876 shares of the company’s stock worth $312,000 after purchasing an additional 519 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 5.4% in the 1st quarter. Royal Bank of Canada now owns 10,422 shares of the company’s stock worth $475,000 after purchasing an additional 537 shares during the period.

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

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.