SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Sets New 52-Week High – Still a Buy?

Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIMGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $55.73 and last traded at $55.73, with a volume of 338 shares trading hands. The stock had previously closed at $55.28.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Price Performance

The stock has a market capitalization of $860.67 million, a PE ratio of 29.16 and a beta of 1.09. The company has a 50-day moving average of $52.31 and a two-hundred day moving average of $48.84.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.5% in the 1st quarter. Sei Investments Co. now owns 13,469,751 shares of the company’s stock valued at $613,549,000 after acquiring an additional 329,618 shares during the last quarter. Summit Wealth Group LLC Co. bought a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth about $88,433,000. Osaic Holdings Inc. boosted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,140.6% during the 4th quarter. Osaic Holdings Inc. now owns 465,700 shares of the company’s stock valued at $21,483,000 after purchasing an additional 428,161 shares in the last quarter. Yeomans Consulting Group Inc. acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter worth approximately $16,950,000. Finally, FSA Advisors Inc. acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter worth $5,296,000.

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

(Get Free Report)

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.

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