SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Sets New 52-Week High – Should You Buy?

Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.66 and last traded at $48.7250, with a volume of 21222 shares. The stock had previously closed at $48.28.

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

The firm has a market capitalization of $758.87 million, a PE ratio of 29.16 and a beta of 1.09. The company has a 50-day moving average price of $47.31 and a 200 day moving average price of $45.73.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were paid a $0.0628 dividend. This represents a $0.25 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, December 29th. This is a positive change from SEI Enhanced U.S. Large Cap Momentum Factor ETF’s previous quarterly dividend of $0.06.

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

Hedge funds have recently modified their holdings of the stock. Sei Investments Co. grew its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 22.5% during the third quarter. Sei Investments Co. now owns 13,151,647 shares of the company’s stock valued at $597,089,000 after acquiring an additional 2,415,116 shares in the last quarter. Summit Wealth Group LLC Co. purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter worth $88,433,000. Osaic Holdings Inc. boosted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,140.6% during the 4th quarter. Osaic Holdings Inc. now owns 465,700 shares of the company’s stock valued at $21,483,000 after purchasing an additional 428,161 shares during the last quarter. Yeomans Consulting Group Inc. purchased a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter valued at about $16,950,000. Finally, Envestnet Asset Management Inc. grew its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.5% during 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 in 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.