SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Sets New 12-Month High – Here’s Why

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) hit a new 52-week high on Monday . The company traded as high as $55.45 and last traded at $55.33, with a volume of 8091 shares. The stock had previously closed at $54.25.

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

The stock has a market capitalization of $862.69 million, a P/E ratio of 29.16 and a beta of 1.09. The firm has a 50-day moving average price of $51.50 and a 200 day moving average price of $48.50.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% during the first quarter. NewEdge Advisors LLC now owns 51,900 shares of the company’s stock valued at $2,364,000 after buying an additional 1,211 shares during the period. Royal Bank of Canada boosted its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 5.4% during the 1st quarter. Royal Bank of Canada now owns 10,422 shares of the company’s stock valued at $475,000 after acquiring an additional 537 shares during the period. Sei Investments Co. grew its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.5% during the 1st quarter. Sei Investments Co. now owns 13,469,751 shares of the company’s stock worth $613,549,000 after acquiring an additional 329,618 shares during the last quarter. Cetera Investment Advisers increased its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 6.3% in the 1st quarter. Cetera Investment Advisers now owns 20,243 shares of the company’s stock worth $922,000 after purchasing an additional 1,206 shares during the period. Finally, Whipplewood Advisors LLC lifted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 556.0% in the first quarter. Whipplewood Advisors LLC now owns 3,070 shares of the company’s stock valued at $140,000 after purchasing an additional 2,602 shares during the last quarter.

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.