Truist Financial Corp Increases Holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Truist Financial Corp boosted its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 15.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 254,388 shares of the company’s stock after buying an additional 33,696 shares during the period. Truist Financial Corp owned 1.64% of SEI Enhanced U.S. Large Cap Momentum Factor ETF worth $11,549,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SEIM. Sei Investments Co. raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.0% during the 2nd quarter. Sei Investments Co. now owns 10,736,531 shares of the company’s stock worth $452,652,000 after acquiring an additional 102,597 shares during the period. S&T Bank PA grew its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,715.7% in the second quarter. S&T Bank PA now owns 180,350 shares of the company’s stock valued at $7,604,000 after purchasing an additional 170,417 shares during the period. K2 Financial Inc. increased its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 22.9% during the third quarter. K2 Financial Inc. now owns 104,371 shares of the company’s stock worth $4,679,000 after purchasing an additional 19,445 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 31.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 94,248 shares of the company’s stock worth $4,254,000 after purchasing an additional 22,373 shares during the last quarter. Finally, Merit Financial Group LLC boosted its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 27.8% in the 3rd quarter. Merit Financial Group LLC now owns 92,403 shares of the company’s stock valued at $4,195,000 after purchasing an additional 20,077 shares during the last quarter.

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

SEI Enhanced U.S. Large Cap Momentum Factor ETF stock opened at $47.44 on Friday. The firm has a 50 day simple moving average of $46.65 and a 200-day simple moving average of $45.14. The stock has a market cap of $736.73 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 1-year low of $30.22 and a 1-year high of $42.91.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were paid a dividend of $0.0628 per share. This represents a $0.25 annualized dividend and a yield of 0.5%. This is a positive change from SEI Enhanced U.S. Large Cap Momentum Factor ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, December 29th.

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.