SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Hits New 52-Week High – Here’s Why

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $55.92 and last traded at $55.87, with a volume of 14374 shares trading hands. The stock had previously closed at $55.33.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Down 1.7%

The firm’s fifty day simple moving average is $53.17 and its 200 day simple moving average is $49.35. The company has a market cap of $856.95 million, a price-to-earnings ratio of 29.16 and a beta of 1.09.

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

Large investors have recently bought and sold shares of the business. Morton Brown Family Wealth LLC purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth about $44,000. Bank of America Corp DE lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% during the fourth 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. Kestra Advisory Services LLC acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter valued at approximately $50,000. Turning Point Benefit Group Inc. purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the third quarter valued at approximately $87,000. Finally, Larson Financial Group LLC acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the third quarter worth approximately $102,000.

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.