SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Share Price Breaks Below Two Hundred Day Moving Average – Should You Sell?

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)’s share price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $51.52 and traded as low as $50.35. SEI Enhanced U.S. Large Cap Momentum Factor ETF shares last traded at $50.87, with a volume of 69,483 shares changing hands.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Down 2.9%

The business’s 50 day moving average price is $53.58 and its 200-day moving average price is $51.52. The company has a market cap of $790.01 million, a price-to-earnings ratio of 29.16 and a beta of 1.09.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SEIM. Royal Bank of Canada grew its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 5.4% in the 1st quarter. Royal Bank of Canada now owns 10,422 shares of the company’s stock valued at $475,000 after buying an additional 537 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the third quarter valued at about $34,000. Cetera Investment Advisers raised its position 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 during the last quarter. NewEdge Advisors LLC raised its position 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 during the last quarter. Finally, K2 Financial Inc. raised its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.8% during the first quarter. K2 Financial Inc. now owns 104,952 shares of the company’s stock worth $4,781,000 after acquiring an additional 1,853 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.