SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM – Get Free Report) shot up 0.3% during mid-day trading on Friday . The company traded as high as $54.27 and last traded at $54.11. Approximately 39,370 shares changed hands during trading, a decline of 55% from the average daily volume of 87,682 shares. The stock had previously closed at $53.94.
SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Up 0.3%
The company has a market capitalization of $840.33 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The firm has a 50-day moving average price of $54.11 and a 200-day moving average price of $51.60.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Continuum Advisory LLC acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the second quarter worth about $132,000. Meriwether Wealth & Planning LLC lifted its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.7% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 55,153 shares of the company’s stock valued at $3,097,000 after acquiring an additional 7,495 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% in the 1st quarter. NewEdge Advisors LLC now owns 51,900 shares of the company’s stock valued at $2,364,000 after acquiring an additional 1,211 shares during the last quarter. Royal Bank of Canada boosted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 5.4% during the 1st quarter. Royal Bank of Canada now owns 10,422 shares of the company’s stock valued at $475,000 after purchasing an additional 537 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.5% during the 1st quarter. Sei Investments Co. now owns 13,469,751 shares of the company’s stock valued at $613,549,000 after purchasing an additional 329,618 shares in 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.
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