SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) Sets New 12-Month High – Still a Buy?

Shares of SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) hit a new 52-week high during trading on Thursday . The stock traded as high as $51.66 and last traded at $51.60, with a volume of 245964 shares trading hands. The stock had previously closed at $50.80.

SEI Enhanced U.S. Large Cap Value Factor ETF Trading Up 1.3%

The firm has a market cap of $900.55 million, a price-to-earnings ratio of 13.06 and a beta of 1.03. The firm has a 50-day moving average of $49.42 and a two-hundred day moving average of $46.17.

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

A number of hedge funds have recently modified their holdings of SEIV. Bank of America Corp DE lifted its position in SEI Enhanced U.S. Large Cap Value Factor ETF by 197.5% in the fourth quarter. Bank of America Corp DE now owns 1,410 shares of the company’s stock worth $47,000 after purchasing an additional 936 shares during the period. Kestra Advisory Services LLC bought a new position in SEI Enhanced U.S. Large Cap Value Factor ETF during the 4th quarter valued at about $50,000. Turning Point Benefit Group Inc. acquired a new position in SEI Enhanced U.S. Large Cap Value Factor ETF in the third quarter valued at about $84,000. Larson Financial Group LLC bought a new stake in SEI Enhanced U.S. Large Cap Value Factor ETF during the third quarter worth about $100,000. Finally, Silver Grove Financial Group Inc. acquired a new stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF during the fourth quarter worth approximately $111,000.

SEI Enhanced U.S. Large Cap Value Factor ETF Company Profile

The SEI Large Cap Value Factor ETF (SEIV) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks that are perceived to be at a discount relative to their fair valuation. SEIV was launched on May 18, 2022 and is managed by SEI.