SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) Hits New 1-Year High – What’s Next?

SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV)’s stock price reached a new 52-week high on Monday . The company traded as high as $43.48 and last traded at $43.4290, with a volume of 44137 shares changing hands. The stock had previously closed at $43.36.

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

The stock has a market cap of $758.45 million, a P/E ratio of 13.06 and a beta of 1.03. The firm’s 50 day moving average is $41.75 and its 200 day moving average is $39.58.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 29th were issued a dividend of $0.1785 per share. The ex-dividend date was Monday, December 29th. This represents a $0.71 annualized dividend and a dividend yield of 1.6%. This is a boost from SEI Enhanced U.S. Large Cap Value Factor ETF’s previous quarterly dividend of $0.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. raised its stake in SEI Enhanced U.S. Large Cap Value Factor ETF by 21.8% in the third quarter. Sei Investments Co. now owns 15,098,907 shares of the company’s stock valued at $587,350,000 after buying an additional 2,704,534 shares during the last quarter. Summit Wealth Group LLC Co. purchased a new stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF during the fourth quarter worth about $91,430,000. S&T Bank PA increased its holdings in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 1,704.1% during the second quarter. S&T Bank PA now owns 205,051 shares of the company’s stock valued at $7,318,000 after acquiring an additional 193,685 shares in the last quarter. FSA Advisors Inc. purchased a new position in shares of SEI Enhanced U.S. Large Cap Value Factor ETF in the 4th quarter valued at approximately $4,893,000. Finally, Yeomans Consulting Group Inc. acquired a new stake in SEI Enhanced U.S. Large Cap Value Factor ETF in the 4th quarter worth approximately $3,545,000.

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