Wealth Enhancement Advisory Services LLC Increases Stock Position in SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Wealth Enhancement Advisory Services LLC increased its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 31.1% during the 3rd quarter, Holdings Channel reports. The firm owned 94,248 shares of the company’s stock after purchasing an additional 22,373 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF were worth $4,254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.0% in the 2nd quarter. Sei Investments Co. now owns 10,736,531 shares of the company’s stock worth $452,652,000 after buying an additional 102,597 shares during the last quarter. S&T Bank PA increased its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,715.7% during the second quarter. S&T Bank PA now owns 180,350 shares of the company’s stock valued at $7,604,000 after acquiring an additional 170,417 shares during the last quarter. K2 Financial Inc. lifted its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 22.9% during the third quarter. K2 Financial Inc. now owns 104,371 shares of the company’s stock worth $4,679,000 after acquiring an additional 19,445 shares during the period. Merit Financial Group LLC boosted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 27.8% in the third quarter. Merit Financial Group LLC now owns 92,403 shares of the company’s stock worth $4,195,000 after purchasing an additional 20,077 shares during the last quarter. Finally, Atria Investments Inc grew its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 182.0% in the 2nd quarter. Atria Investments Inc now owns 76,716 shares of the company’s stock valued at $3,234,000 after purchasing an additional 49,507 shares during the period.

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

BATS SEIM opened at $47.69 on Tuesday. The business’s fifty day moving average is $46.31 and its 200-day moving average is $45.00. The stock has a market capitalization of $740.55 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a one year low of $30.22 and a one year high of $42.91.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were paid a $0.0628 dividend. The ex-dividend date was Monday, December 29th. This is a positive change from SEI Enhanced U.S. Large Cap Momentum Factor ETF’s previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a yield of 0.5%.

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.