SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Reaches New 52-Week High – Time to Buy?

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $52.75 and last traded at $52.75, with a volume of 27672 shares changing hands. The stock had previously closed at $52.29.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 0.7%

The company’s fifty day moving average price is $48.36 and its 200 day moving average price is $47.22. The company has a market capitalization of $818.12 million, a P/E ratio of 29.16 and a beta of 1.09.

Hedge Funds Weigh In On SEI Enhanced U.S. Large Cap Momentum Factor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEIM. Sei Investments Co. lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 22.5% during the 3rd quarter. Sei Investments Co. now owns 13,151,647 shares of the company’s stock valued at $597,089,000 after acquiring an additional 2,415,116 shares during the period. Summit Wealth Group LLC Co. bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter worth $88,433,000. Osaic Holdings Inc. raised its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,140.6% in the fourth quarter. Osaic Holdings Inc. now owns 465,700 shares of the company’s stock valued at $21,483,000 after purchasing an additional 428,161 shares in the last quarter. Yeomans Consulting Group Inc. acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter valued at about $16,950,000. Finally, FSA Advisors Inc. bought a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter worth about $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.