Merit Financial Group LLC grew its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM – Free Report) by 27.8% in the third quarter, Holdings Channel reports. The institutional investor owned 92,403 shares of the company’s stock after acquiring an additional 20,077 shares during the quarter. Merit Financial Group LLC’s holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF were worth $4,195,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. S&T Bank PA grew its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,715.7% in the 2nd quarter. S&T Bank PA now owns 180,350 shares of the company’s stock valued at $7,604,000 after acquiring an additional 170,417 shares during the period. Sei Investments Co. grew its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.0% in the second quarter. Sei Investments Co. now owns 10,736,531 shares of the company’s stock valued at $452,652,000 after purchasing an additional 102,597 shares during the period. Geneos Wealth Management Inc. grew its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 221.6% in the first quarter. Geneos Wealth Management Inc. now owns 94,604 shares of the company’s stock valued at $3,411,000 after purchasing an additional 65,185 shares during the period. Atria Investments Inc increased its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 182.0% during the second quarter. Atria Investments Inc now owns 76,716 shares of the company’s stock worth $3,234,000 after purchasing an additional 49,507 shares in the last quarter. Finally, Apella Capital LLC acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter worth about $1,310,000.
SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Up 18.4%
Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF stock opened at $46.18 on Friday. 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 firm has a market capitalization of $717.18 million, a PE ratio of 29.16 and a beta of 1.09. The firm’s 50-day moving average price is $45.76 and its 200 day moving average price is $44.22.
SEI Enhanced U.S. Large Cap Momentum Factor ETF Increases Dividend
SEI Enhanced U.S. Large Cap Momentum Factor ETF 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.
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Want to see what other hedge funds are holding SEIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM – Free Report).
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