SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Hits New 12-Month High – What’s Next?

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $52.49 and last traded at $52.49, with a volume of 75879 shares traded. The stock had previously closed at $51.46.

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

The company has a 50-day simple moving average of $48.06 and a 200-day simple moving average of $47.02. The company has a market cap of $815.17 million, a price-to-earnings ratio of 29.16 and a beta of 1.09.

Hedge Funds Weigh In On 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 position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% during the 3rd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock worth $68,000 after purchasing an additional 284 shares during the period. LPL Financial LLC grew its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.3% in the 4th quarter. LPL Financial LLC now owns 17,407 shares of the company’s stock worth $803,000 after acquiring an additional 388 shares during the period. Stewardship Advisors LLC grew its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% in the 4th quarter. Stewardship Advisors LLC now owns 20,958 shares of the company’s stock worth $967,000 after acquiring an additional 500 shares during the period. Binnacle Investments Inc grew its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 8.2% in the 3rd quarter. Binnacle Investments Inc now owns 6,876 shares of the company’s stock worth $312,000 after acquiring an additional 519 shares during the period. Finally, WPG Advisers LLC grew its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 19.1% in the 3rd quarter. WPG Advisers LLC now owns 4,678 shares of the company’s stock worth $212,000 after acquiring an additional 751 shares during the period.

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.