SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Reaches New 52-Week High – Still a Buy?

Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) reached a new 52-week high during trading on Thursday . The stock traded as high as $53.97 and last traded at $53.97, with a volume of 39638 shares trading hands. The stock had previously closed at $53.69.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 0.6%

The company’s 50 day moving average is $49.58 and its 200 day moving average is $47.73. The firm has a market capitalization of $838.78 million, a price-to-earnings ratio of 29.16 and a beta of 1.09.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. lifted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.5% during the first quarter. Sei Investments Co. now owns 13,469,751 shares of the company’s stock worth $613,549,000 after purchasing an additional 329,618 shares during the period. Summit Wealth Group LLC Co. bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter worth about $88,433,000. Osaic Holdings Inc. lifted its holdings in shares of 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 worth $21,483,000 after acquiring an additional 428,161 shares during the last quarter. Yeomans Consulting Group Inc. bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter worth about $16,950,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.5% in 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 last quarter.

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.