319,353 SEI Select Emerging Markets Equity ETF $SEEM Shares Acquired by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. raised its stake in shares of SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) by 30.2% in the 3rd quarter, Holdings Channel reports. The firm owned 1,378,478 shares of the company’s stock after acquiring an additional 319,353 shares during the period. SEI Select Emerging Markets Equity ETF makes up 3.4% of Summit Wealth Group LLC Co.’s investment portfolio, making the stock its 6th largest holding. Summit Wealth Group LLC Co. owned 0.08% of SEI Select Emerging Markets Equity ETF worth $53,454,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in shares of SEI Select Emerging Markets Equity ETF in the third quarter worth about $32,000. Citadel Advisors LLC purchased a new stake in shares of SEI Select Emerging Markets Equity ETF in the second quarter worth about $264,000. Foundry Financial Group Inc. boosted its stake in SEI Select Emerging Markets Equity ETF by 11.0% during the third quarter. Foundry Financial Group Inc. now owns 13,253 shares of the company’s stock valued at $514,000 after buying an additional 1,309 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in SEI Select Emerging Markets Equity ETF by 514.4% during the first quarter. Sei Investments Co. now owns 206,916 shares of the company’s stock valued at $6,776,000 after buying an additional 173,241 shares during the last quarter.

SEI Select Emerging Markets Equity ETF Price Performance

NASDAQ SEEM opened at $35.37 on Tuesday. The stock has a market capitalization of $629.59 million, a PE ratio of 11.47 and a beta of 0.82. The business has a 50 day simple moving average of $38.33 and a two-hundred day simple moving average of $37.06. SEI Select Emerging Markets Equity ETF has a 1-year low of $29.66 and a 1-year high of $41.79.

SEI Select Emerging Markets Equity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Monday, October 5th were issued a dividend of $0.1676 per share. This is a negative change from SEI Select Emerging Markets Equity ETF’s previous quarterly dividend of $0.2911. The ex-dividend date of this dividend was Monday, October 5th. This represents a $0.67 annualized dividend and a dividend yield of 1.9%.

About SEI Select Emerging Markets Equity ETF

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.