SEI Select International Equity ETF (NASDAQ:SEIE) Stock Crosses Below 200-Day Moving Average – Here’s Why

SEI Select International Equity ETF (NASDAQ:SEIE) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $35.16 and traded as low as $34.78. SEI Select International Equity ETF shares last traded at $34.9150, with a volume of 61,694 shares trading hands.

SEI Select International Equity ETF Stock Down 1.2%

The stock has a market capitalization of $1.31 billion, a PE ratio of 13.90 and a beta of 0.51. The company’s fifty day moving average price is $35.97 and its 200-day moving average price is $35.16.

SEI Select International Equity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Monday, October 5th were given a dividend of $0.1534 per share. This is a negative change from SEI Select International Equity ETF’s previous quarterly dividend of $0.3615. The ex-dividend date of this dividend was Monday, October 5th. This represents a $0.61 annualized dividend and a yield of 1.8%.

Institutional Investors Weigh In On SEI Select International Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Summit Wealth Group LLC Co. grew its position in shares of SEI Select International Equity ETF by 63.0% during the 3rd quarter. Summit Wealth Group LLC Co. now owns 4,354,778 shares of the company’s stock valued at $155,858,000 after acquiring an additional 1,682,706 shares during the period. Sei Investments Co. purchased a new stake in shares of SEI Select International Equity ETF during the first quarter worth about $5,698,000. Independent Wealth Network Inc. purchased a new stake in SEI Select International Equity ETF during the 3rd quarter valued at approximately $391,000. Cetera Investment Advisers purchased a new position in SEI Select International Equity ETF during the first quarter valued at $222,000. Finally, Silver Grove Financial Group Inc. bought a new stake in shares of SEI Select International Equity ETF in the third quarter worth about $112,000.

About SEI Select International Equity ETF

The SEI Select International Equity ETF (SEIE) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking capital appreciation through investments in non-US companies from developed markets. The selection process integrates the advisers proprietary quantitative model with recommendations from one or more sub-advisers. SEIE was launched on Oct 10, 2024 and is issued by SEI.