SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Stock Price Up 0.3% – Here’s Why

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)’s stock price traded up 0.3% during mid-day trading on Friday . The company traded as high as $54.27 and last traded at $54.11. Approximately 39,370 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 87,682 shares. The stock had previously closed at $53.94.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Up 0.3%

The stock has a market cap of $840.33 million, a P/E ratio of 29.16 and a beta of 1.09. The firm’s fifty day moving average is $54.11 and its 200 day moving average is $51.60.

Hedge Funds Weigh In On SEI Enhanced U.S. Large Cap Momentum Factor ETF

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% during the 4th quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock valued at $49,000 after purchasing an additional 816 shares during the period. Kestra Advisory Services LLC acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter valued at approximately $50,000. Turning Point Benefit Group Inc. bought a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 3rd quarter worth approximately $87,000. Larson Financial Group LLC bought a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 3rd quarter worth approximately $102,000. Finally, Silver Grove Financial Group Inc. acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter worth approximately $108,000.

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.