Truist Financial Corp Acquires 45,698 Shares of SEI Enhanced U.S. Large Cap Value Factor ETF $SEIV

Truist Financial Corp grew its holdings in SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) by 18.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 296,435 shares of the company’s stock after purchasing an additional 45,698 shares during the quarter. Truist Financial Corp owned about 1.69% of SEI Enhanced U.S. Large Cap Value Factor ETF worth $11,531,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 197.5% in the fourth quarter. Bank of America Corp DE now owns 1,410 shares of the company’s stock valued at $47,000 after buying an additional 936 shares during the last quarter. Royal Bank of Canada increased its position in SEI Enhanced U.S. Large Cap Value Factor ETF by 149.3% in the 1st quarter. Royal Bank of Canada now owns 16,499 shares of the company’s stock valued at $536,000 after acquiring an additional 9,882 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of SEI Enhanced U.S. Large Cap Value Factor ETF in the second quarter worth about $275,000. Whipplewood Advisors LLC raised its stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 1,297.9% in the second quarter. Whipplewood Advisors LLC now owns 8,527 shares of the company’s stock worth $304,000 after acquiring an additional 7,917 shares during the last quarter. Finally, Petra Financial Advisors Inc. lifted its position in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 1.6% during the second quarter. Petra Financial Advisors Inc. now owns 32,575 shares of the company’s stock worth $1,163,000 after purchasing an additional 510 shares in the last quarter.

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

SEIV opened at $42.28 on Friday. The stock has a market capitalization of $739.88 million, a P/E ratio of 13.06 and a beta of 1.03. The company’s 50 day simple moving average is $41.51 and its 200-day simple moving average is $39.32. SEI Enhanced U.S. Large Cap Value Factor ETF has a one year low of $27.84 and a one year high of $37.60.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were given a $0.1785 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, December 29th. This is a positive change from SEI Enhanced U.S. Large Cap Value Factor ETF’s previous quarterly dividend of $0.13.

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.