Summit Wealth Group LLC Co. acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,917,046 shares of the company’s stock, valued at approximately $88,433,000. SEI Enhanced U.S. Large Cap Momentum Factor ETF comprises about 11.7% of Summit Wealth Group LLC Co.’s holdings, making the stock its 2nd largest holding. Summit Wealth Group LLC Co. owned about 12.34% of SEI Enhanced U.S. Large Cap Momentum Factor ETF at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of SEIM. Sei Investments Co. boosted its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 22.5% in the 3rd quarter. Sei Investments Co. now owns 13,151,647 shares of the company’s stock worth $597,089,000 after buying an additional 2,415,116 shares during the last quarter. Yeomans Consulting Group Inc. acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter worth about $16,950,000. FSA Advisors Inc. acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter worth about $5,296,000. Ameritas Advisory Services LLC acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter worth about $2,074,000. Finally, Envestnet Asset Management Inc. boosted its holdings in 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 worth $12,210,000 after buying an additional 36,097 shares during the last quarter.
SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Down 0.6%
SEIM stock opened at $52.29 on Wednesday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 12-month low of $38.55 and a 12-month high of $52.74. The stock has a market cap of $812.06 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The business’s 50-day moving average is $48.36 and its 200 day moving average is $47.22.
About SEI Enhanced U.S. Large Cap Momentum Factor ETF
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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