United Advisor Group LLC Has $1.22 Million Holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

United Advisor Group LLC lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 182.3% during the 2nd quarter, Holdings Channel reports. The firm owned 28,886 shares of the company’s stock after purchasing an additional 18,655 shares during the period. United Advisor Group LLC’s holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF were worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in SEIM. Assetmark Inc. grew its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 197.6% during the second quarter. Assetmark Inc. now owns 1,223 shares of the company’s stock worth $52,000 after buying an additional 812 shares in the last quarter. Bank of America Corp DE lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% during the 4th quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock valued at $49,000 after acquiring an additional 816 shares during the period. WPG Advisers LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 1st quarter worth $147,000. Ascent Group LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 2nd quarter worth $204,000. Finally, Accurate Wealth Management LLC bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the second quarter worth $222,000.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 13.5%

SEIM opened at $44.27 on Tuesday. The stock has a market capitalization of $687.54 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 twelve month low of $30.22 and a twelve month high of $42.91. The company has a 50-day simple moving average of $45.25 and a 200 day simple moving average of $42.81.

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

The company also recently declared a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Friday, October 3rd were issued a dividend of $0.0592 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, October 3rd.

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.