Stark Wealth Management LLC Acquires Shares of 59,286 SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Stark Wealth Management LLC bought a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 59,286 shares of the company’s stock, valued at approximately $2,735,000. SEI Enhanced U.S. Large Cap Momentum Factor ETF accounts for approximately 9.7% of Stark Wealth Management LLC’s portfolio, making the stock its biggest holding.

A number of other hedge funds also recently modified their holdings of SEIM. Bank of America Corp DE raised its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% in the fourth quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock valued at $49,000 after purchasing an additional 816 shares in the last quarter. Royal Bank of Canada grew its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 58.3% during the first quarter. Royal Bank of Canada now owns 9,440 shares of the company’s stock worth $340,000 after buying an additional 3,476 shares in the last quarter. NewEdge Advisors LLC grew its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.8% during the second quarter. NewEdge Advisors LLC now owns 43,268 shares of the company’s stock worth $1,824,000 after buying an additional 765 shares in the last quarter. Binnacle Investments Inc increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 66.2% in the 2nd quarter. Binnacle Investments Inc now owns 6,357 shares of the company’s stock valued at $268,000 after buying an additional 2,533 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.5% in the third quarter. Envestnet Asset Management Inc. now owns 268,953 shares of the company’s stock valued at $12,210,000 after acquiring an additional 36,097 shares during the last quarter.

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

Shares of SEIM opened at $55.45 on Tuesday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a one year low of $40.04 and a one year high of $55.62. The company has a market cap of $861.14 million, a P/E ratio of 29.16 and a beta of 1.09. The firm has a 50 day simple moving average of $51.68 and a two-hundred day simple moving average of $48.57.

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.