SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Hits New 1-Year High – Here’s What Happened

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $55.92 and last traded at $55.87, with a volume of 14374 shares changing hands. The stock had previously closed at $55.33.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 1.1%

The company has a market cap of $868.90 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The firm has a 50-day simple moving average of $52.98 and a 200 day simple moving average of $49.22.

Institutional Trading of SEI Enhanced U.S. Large Cap Momentum Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Morton Brown Family Wealth LLC purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter valued at about $44,000. Bank of America Corp DE raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% in the 4th quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock worth $49,000 after purchasing an additional 816 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter valued at about $50,000. Turning Point Benefit Group Inc. purchased a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter worth about $87,000. Finally, Larson Financial Group LLC acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter worth approximately $102,000.

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.