1,917,046 Shares in SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM Purchased by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. bought a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,917,046 shares of the company’s stock, valued at approximately $88,433,000. SEI Enhanced U.S. Large Cap Momentum Factor ETF makes up approximately 11.7% of Summit Wealth Group LLC Co.’s investment portfolio, making the stock its 2nd biggest position. Summit Wealth Group LLC Co. owned about 0.12% of SEI Enhanced U.S. Large Cap Momentum Factor ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morton Brown Family Wealth LLC acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth approximately $44,000. Bank of America Corp DE boosted its holdings 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 worth $49,000 after purchasing an additional 816 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% during the 3rd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock worth $68,000 after purchasing an additional 284 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter worth approximately $87,000. Finally, Larson Financial Group LLC acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter worth approximately $102,000.

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

Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF stock opened at $52.29 on Wednesday. The stock has a market cap of $812.06 million, a P/E ratio of 29.16 and a beta of 1.09. The stock’s 50 day simple moving average is $48.36 and its 200-day simple moving average is $47.22. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 1-year low of $38.55 and a 1-year high of $52.74.

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.