Merit Financial Group LLC Invests $2.51 Million in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)

Merit Financial Group LLC bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 69,694 shares of the company’s stock, valued at approximately $2,513,000.

A number of other institutional investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 0.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 64,618 shares of the company’s stock worth $2,495,000 after acquiring an additional 532 shares during the period. Bank of America Corp DE increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% during the fourth quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock valued at $49,000 after buying an additional 816 shares during the period. Principal Securities Inc. increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 11.9% during the fourth quarter. Principal Securities Inc. now owns 10,394 shares of the company’s stock valued at $401,000 after buying an additional 1,105 shares during the period. LPL Financial LLC boosted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 39.0% in the fourth quarter. LPL Financial LLC now owns 14,621 shares of the company’s stock valued at $565,000 after acquiring an additional 4,105 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter worth $270,000.

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

BATS SEIM opened at $40.30 on Friday. The company has a market capitalization of $611.75 million, a PE ratio of 26.71 and a beta of 1.07. The company has a fifty day moving average of $36.89 and a 200 day moving average of $38.41. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 1 year low of $30.22 and a 1 year high of $41.37.

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

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.