SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Reaches New 1-Year High – Here’s What Happened

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.65 and last traded at $47.7230, with a volume of 50951 shares. The stock had previously closed at $48.08.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Up 0.0%

The company has a market cap of $746.98 million, a P/E ratio of 29.16 and a beta of 1.09. The business’s 50 day simple moving average is $46.94 and its 200 day simple moving average is $45.39.

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

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

Institutional Investors Weigh In On SEI Enhanced U.S. Large Cap Momentum Factor ETF

Large investors have recently bought and sold shares of the business. Sei Investments Co. increased its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 22.5% during the third quarter. Sei Investments Co. now owns 13,151,647 shares of the company’s stock worth $597,089,000 after acquiring an additional 2,415,116 shares during the last quarter. Summit Wealth Group LLC Co. bought a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth approximately $88,433,000. Yeomans Consulting Group Inc. bought a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth approximately $16,950,000. S&T Bank PA boosted its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,715.7% during 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. Finally, FSA Advisors Inc. bought a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter valued at $5,296,000.

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.