Meriwether Wealth & Planning LLC Boosts Stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Meriwether Wealth & Planning LLC raised its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 80.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,145 shares of the company’s stock after purchasing an additional 11,636 shares during the quarter. SEI Enhanced U.S. Large Cap Momentum Factor ETF accounts for approximately 0.7% of Meriwether Wealth & Planning LLC’s portfolio, making the stock its 26th largest holding. Meriwether Wealth & Planning LLC’s holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF were worth $1,187,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. increased its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 197.6% during the 2nd quarter. Assetmark Inc. now owns 1,223 shares of the company’s stock worth $52,000 after purchasing an additional 812 shares in the last quarter. Bank of America Corp DE grew 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 buying an additional 816 shares during the period. WPG Advisers LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the first quarter worth $147,000. Ascent Group LLC purchased a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 2nd quarter valued at $204,000. Finally, Accurate Wealth Management LLC acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 2nd quarter valued at $222,000.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Up 20.3%

Shares of BATS SEIM opened at $46.94 on Wednesday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 12-month low of $30.22 and a 12-month high of $42.91. The company has a market cap of $728.98 million, a P/E ratio of 29.16 and a beta of 1.09. The stock has a fifty day moving average price of $45.54 and a 200 day moving average price of $43.96.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Friday, October 3rd were issued a dividend of $0.0592 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, October 3rd.

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.