Summit Wealth Group LLC Co. Takes $91.43 Million Position in SEI Enhanced U.S. Large Cap Value Factor ETF $SEIV

Summit Wealth Group LLC Co. bought a new stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,203,137 shares of the company’s stock, valued at approximately $91,430,000. SEI Enhanced U.S. Large Cap Value Factor ETF comprises about 12.1% of Summit Wealth Group LLC Co.’s holdings, making the stock its biggest position. Summit Wealth Group LLC Co. owned 12.59% of SEI Enhanced U.S. Large Cap Value Factor ETF at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Exencial Wealth Advisors LLC grew its stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 30.2% during the third quarter. Exencial Wealth Advisors LLC now owns 60,092 shares of the company’s stock valued at $2,338,000 after buying an additional 13,928 shares during the last quarter. Csenge Advisory Group grew its stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 31.7% during the third quarter. Csenge Advisory Group now owns 67,514 shares of the company’s stock valued at $2,626,000 after buying an additional 16,257 shares during the last quarter. Calton & Associates Inc. bought a new position in shares of SEI Enhanced U.S. Large Cap Value Factor ETF during the third quarter valued at approximately $535,000. Stratos Wealth Partners LTD. bought a new position in shares of SEI Enhanced U.S. Large Cap Value Factor ETF during the third quarter valued at approximately $786,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 26.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 105,315 shares of the company’s stock valued at $4,094,000 after buying an additional 22,011 shares during the last quarter.

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

SEIV opened at $45.47 on Wednesday. The stock has a market cap of $795.73 million, a price-to-earnings ratio of 13.06 and a beta of 1.03. The stock’s 50 day moving average price is $42.79 and its 200-day moving average price is $41.87. SEI Enhanced U.S. Large Cap Value Factor ETF has a one year low of $33.39 and a one year high of $46.13.

SEI Enhanced U.S. Large Cap Value Factor ETF Profile

The SEI Large Cap Value Factor ETF (SEIV) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks that are perceived to be at a discount relative to their fair valuation. SEIV was launched on May 18, 2022 and is managed by SEI.