SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Hits New 1-Year High – What’s Next?

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) shares hit a new 52-week high on Wednesday . The company traded as high as $52.75 and last traded at $52.75, with a volume of 27672 shares changing hands. The stock had previously closed at $52.29.

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

The company’s 50-day moving average price is $48.36 and its 200-day moving average price is $47.22. The company has a market cap of $818.12 million, a P/E ratio of 29.16 and a beta of 1.09.

Institutional Trading of SEI Enhanced U.S. Large Cap Momentum Factor ETF

A number of institutional investors have recently modified their holdings of SEIM. Exencial Wealth Advisors LLC lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 31.1% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 52,272 shares of the company’s stock valued at $2,373,000 after acquiring an additional 12,395 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.5% in the third quarter. Envestnet Asset Management Inc. now owns 268,953 shares of the company’s stock valued at $12,210,000 after purchasing an additional 36,097 shares during the last quarter. Calton & Associates Inc. acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the third quarter valued at approximately $543,000. Stratos Wealth Partners LTD. bought a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the third quarter worth $798,000. Finally, Truist Financial Corp boosted its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.3% during the third quarter. Truist Financial Corp now owns 254,388 shares of the company’s stock worth $11,549,000 after purchasing an additional 33,696 shares during the last quarter.

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.