SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM – Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $55.45 and last traded at $55.33, with a volume of 8091 shares changing hands. The stock had previously closed at $54.25.
SEI Enhanced U.S. Large Cap Momentum Factor ETF Price Performance
The firm’s 50 day moving average price is $51.50 and its 200 day moving average price is $48.50. The stock has a market capitalization of $862.69 million, a P/E ratio of 29.16 and a beta of 1.09.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 268,953 shares of the company’s stock valued at $12,210,000 after purchasing an additional 36,097 shares during the period. Sei Investments Co. lifted its position 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 valued at $597,089,000 after buying an additional 2,415,116 shares during the period. Calton & Associates Inc. purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the third quarter valued at $543,000. 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 valued at $88,433,000. Finally, FSA Advisors Inc. bought a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during 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.
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