Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $55.92 and last traded at $55.87, with a volume of 14374 shares. The stock had previously closed at $55.33.
SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Performance
The stock has a market capitalization of $868.90 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The business’s 50 day simple moving average is $52.98 and its 200-day simple moving average is $49.22.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. increased its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.5% during the first quarter. Sei Investments Co. now owns 13,469,751 shares of the company’s stock valued at $613,549,000 after purchasing an additional 329,618 shares during the period. Summit Wealth Group LLC Co. acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter worth about $88,433,000. Osaic Holdings Inc. grew its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,140.6% in the 4th quarter. Osaic Holdings Inc. now owns 465,700 shares of the company’s stock valued at $21,483,000 after buying an additional 428,161 shares in the last quarter. Yeomans Consulting Group Inc. acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter valued at about $16,950,000. Finally, FSA Advisors Inc. bought a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter worth approximately $5,296,000.
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.
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