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:SEIM) reached a new 52-week high during trading on Monday . The stock traded as high as $55.45 and last traded at $55.33, with a volume of 8091 shares. The stock had previously closed at $54.25.

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

The stock has a market capitalization of $853.37 million, a PE ratio of 29.16 and a beta of 1.09. The firm’s 50 day simple moving average is $51.85 and its 200 day simple moving average is $48.64.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% during the first quarter. NewEdge Advisors LLC now owns 51,900 shares of the company’s stock worth $2,364,000 after acquiring an additional 1,211 shares in the last quarter. Royal Bank of Canada raised its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 5.4% during the first quarter. Royal Bank of Canada now owns 10,422 shares of the company’s stock worth $475,000 after acquiring an additional 537 shares in the last quarter. Sei Investments Co. raised its stake 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 worth $613,549,000 after acquiring an additional 329,618 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 6.3% during the first quarter. Cetera Investment Advisers now owns 20,243 shares of the company’s stock worth $922,000 after acquiring an additional 1,206 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 556.0% during the first quarter. Whipplewood Advisors LLC now owns 3,070 shares of the company’s stock worth $140,000 after acquiring an additional 2,602 shares in the last quarter.

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.