SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Shares Cross Below 200 Day Moving Average – Here’s Why

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $51.52 and traded as low as $50.35. SEI Enhanced U.S. Large Cap Momentum Factor ETF shares last traded at $50.87, with a volume of 69,483 shares changing hands.

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

The firm has a market cap of $790.01 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The business’s 50 day moving average price is $53.58 and its 200 day moving average price is $51.52.

Institutional Investors Weigh In On SEI Enhanced U.S. Large Cap Momentum Factor ETF

A number of large investors have recently modified their holdings of the business. Summit Wealth Group LLC Co. lifted its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 18.8% in the third quarter. Summit Wealth Group LLC Co. now owns 3,150,836 shares of the company’s stock valued at $169,420,000 after acquiring an additional 497,603 shares during the last quarter. Foundry Financial Group Inc. grew its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 155.5% in the third quarter. Foundry Financial Group Inc. now owns 10,949 shares of the company’s stock worth $589,000 after acquiring an additional 6,664 shares during the period. LexAurum Advisors LLC increased its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 83.8% during the third quarter. LexAurum Advisors LLC now owns 13,859 shares of the company’s stock worth $745,000 after acquiring an additional 6,320 shares during the last quarter. Independent Wealth Network Inc. increased its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 35.2% during the third quarter. Independent Wealth Network Inc. now owns 30,395 shares of the company’s stock worth $1,634,000 after acquiring an additional 7,921 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the third quarter worth $34,000.

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.