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

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $50.96 and last traded at $50.91, with a volume of 9767 shares traded. The stock had previously closed at $50.83.

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

The stock has a 50-day moving average of $47.55 and a two-hundred day moving average of $46.68. The company has a market cap of $786.75 million, a P/E ratio of 29.16 and a beta of 1.09.

Hedge Funds Weigh In On SEI Enhanced U.S. Large Cap Momentum Factor ETF

A number of large investors have recently bought and sold shares of the stock. Independent Wealth Network Inc. increased its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 316.4% in the 1st quarter. Independent Wealth Network Inc. now owns 20,226 shares of the company’s stock worth $921,000 after purchasing an additional 15,369 shares during the period. Stewardship Advisors LLC raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 4.9% during the first quarter. Stewardship Advisors LLC now owns 21,986 shares of the company’s stock valued at $1,001,000 after acquiring an additional 1,028 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 78.3% during the fourth quarter. Cetera Investment Advisers now owns 19,037 shares of the company’s stock valued at $878,000 after acquiring an additional 8,362 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,140.6% during the fourth quarter. Osaic Holdings Inc. now owns 465,700 shares of the company’s stock valued at $21,483,000 after acquiring an additional 428,161 shares in the last quarter. Finally, Silver Grove Financial Group Inc. bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter valued at approximately $108,000.

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.