Stark Wealth Management LLC Invests $2.74 Million in SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Stark Wealth Management LLC purchased a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 59,286 shares of the company’s stock, valued at approximately $2,735,000. SEI Enhanced U.S. Large Cap Momentum Factor ETF comprises about 9.7% of Stark Wealth Management LLC’s investment portfolio, making the stock its largest holding. Stark Wealth Management LLC owned approximately 0.38% of SEI Enhanced U.S. Large Cap Momentum Factor ETF as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in SEIM. Sei Investments Co. increased its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 22.5% during the 3rd quarter. Sei Investments Co. now owns 13,151,647 shares of the company’s stock worth $597,089,000 after buying an additional 2,415,116 shares during the period. Summit Wealth Group LLC Co. acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter valued at about $88,433,000. Yeomans Consulting Group Inc. bought a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter worth about $16,950,000. Envestnet Asset Management Inc. increased its position in 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 worth $12,210,000 after acquiring an additional 36,097 shares during the period. Finally, FSA Advisors Inc. acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter worth about $5,296,000.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 2.2%

BATS SEIM opened at $55.45 on Tuesday. The firm has a 50-day moving average price of $51.68 and a two-hundred day moving average price of $48.57. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 12-month low of $40.04 and a 12-month high of $55.62. The company has a market capitalization of $861.14 million, a P/E ratio of 29.16 and a beta of 1.09.

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.