SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Reaches New 52-Week High – Here’s Why

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)’s stock price reached a new 52-week high on Friday . The stock traded as high as $51.17 and last traded at $51.15, with a volume of 8957 shares changing hands. The stock had previously closed at $49.97.

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

The company has a 50 day simple moving average of $47.90 and a two-hundred day simple moving average of $46.89. The company has a market cap of $793.89 million, a PE ratio of 29.16 and a beta of 1.09.

Institutional Investors Weigh In On SEI Enhanced U.S. Large Cap Momentum Factor ETF

Several institutional investors have recently made changes to their positions in the company. Sei Investments Co. lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 22.5% during the 3rd quarter. Sei Investments Co. now owns 13,151,647 shares of the company’s stock valued at $597,089,000 after buying an additional 2,415,116 shares during the last quarter. Summit Wealth Group LLC Co. acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter valued at about $88,433,000. Osaic Holdings Inc. lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,140.6% during 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 during the last quarter. Yeomans Consulting Group Inc. acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter valued at about $16,950,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 268,953 shares of the company’s stock valued at $12,210,000 after buying an additional 36,097 shares during 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.