Concurrent Investment Advisors LLC Takes $280,000 Position in SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Concurrent Investment Advisors LLC acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,630 shares of the company’s stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geneos Wealth Management Inc. lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 312.6% in the first quarter. Geneos Wealth Management Inc. now owns 121,395 shares of the company’s stock worth $4,378,000 after acquiring an additional 91,976 shares during the last quarter. Marks Group Wealth Management Inc purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the first quarter worth approximately $1,342,000. OneAscent Financial Services LLC purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the first quarter worth approximately $981,000. Calton & Associates Inc. purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the first quarter worth approximately $524,000. Finally, K2 Financial Inc. lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 12.8% in the first quarter. K2 Financial Inc. now owns 87,885 shares of the company’s stock worth $2,904,000 after acquiring an additional 10,005 shares during the last quarter.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 15.1%

Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF stock opened at $44.92 on Monday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 52-week low of $30.22 and a 52-week high of $42.91. The company has a 50 day moving average of $44.31 and a 200 day moving average of $41.03. The company has a market capitalization of $697.55 million, a P/E ratio of 29.16 and a beta of 1.09.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Friday, October 3rd were paid a $0.0592 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%.

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.