SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM Position Lifted by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. raised its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 18.8% during the third quarter, HoldingsChannel reports. The fund owned 3,150,836 shares of the company’s stock after acquiring an additional 497,603 shares during the quarter. SEI Enhanced U.S. Large Cap Momentum Factor ETF accounts for approximately 10.7% of Summit Wealth Group LLC Co.’s investment portfolio, making the stock its largest holding. Summit Wealth Group LLC Co. owned about 0.20% of SEI Enhanced U.S. Large Cap Momentum Factor ETF worth $169,420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SEIM. Sei Investments Co. lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.5% in 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. K2 Financial Inc. boosted its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.8% during the 1st quarter. K2 Financial Inc. now owns 104,952 shares of the company’s stock worth $4,781,000 after purchasing an additional 1,853 shares during the period. Meriwether Wealth & Planning LLC boosted its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.7% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 55,153 shares of the company’s stock worth $3,097,000 after purchasing an additional 7,495 shares during the period. NewEdge Advisors LLC grew its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 51,900 shares of the company’s stock valued at $2,364,000 after purchasing an additional 1,211 shares during the last quarter. Finally, Independent Wealth Network Inc. grew its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 35.2% during the 3rd quarter. Independent Wealth Network Inc. now owns 30,395 shares of the company’s stock valued at $1,634,000 after purchasing an additional 7,921 shares during the last quarter.

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

SEI Enhanced U.S. Large Cap Momentum Factor ETF stock opened at $50.24 on Tuesday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 1-year low of $42.86 and a 1-year high of $56.23. The firm has a market capitalization of $780.23 million, a P/E ratio of 29.16 and a beta of 1.09. The company’s 50-day moving average is $53.50 and its 200 day moving average is $51.53.

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.