SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Hits New 52-Week High – Still a Buy?

Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIMGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $55.73 and last traded at $55.73, with a volume of 338 shares. The stock had previously closed at $55.28.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Down 2.2%

The stock has a fifty day simple moving average of $52.57 and a 200 day simple moving average of $48.97. The firm has a market capitalization of $846.07 million, a P/E ratio of 29.16 and a beta of 1.09.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. increased its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% in the 3rd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock worth $68,000 after acquiring an additional 284 shares during the last quarter. LPL Financial LLC boosted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.3% during the 4th quarter. LPL Financial LLC now owns 17,407 shares of the company’s stock valued at $803,000 after acquiring an additional 388 shares during the last quarter. Stewardship Advisors LLC boosted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% during the 4th quarter. Stewardship Advisors LLC now owns 20,958 shares of the company’s stock valued at $967,000 after acquiring an additional 500 shares during the last quarter. Binnacle Investments Inc boosted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 8.2% during the 3rd quarter. Binnacle Investments Inc now owns 6,876 shares of the company’s stock valued at $312,000 after acquiring an additional 519 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 5.4% in the first 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.

About SEI Enhanced U.S. Large Cap Momentum Factor ETF

(Get Free Report)

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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