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

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) reached 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 Stock Down 1.0%

The firm has a market capitalization of $748.70 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The company’s 50 day moving average is $47.45 and its 200 day moving average is $45.77.

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

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

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

A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers grew its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 78.3% during the 4th quarter. Cetera Investment Advisers now owns 19,037 shares of the company’s stock valued at $878,000 after purchasing an additional 8,362 shares during the last quarter. Osaic Holdings Inc. boosted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1,140.6% in the fourth quarter. Osaic Holdings Inc. now owns 465,700 shares of the company’s stock valued at $21,483,000 after buying an additional 428,161 shares in the last quarter. Silver Grove Financial Group Inc. bought a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter worth $108,000. Stark Wealth Management LLC acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter worth $2,735,000. Finally, Kestra Advisory Services LLC bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter valued at $50,000.

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.