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

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.65 and last traded at $47.7230, with a volume of 50951 shares traded. The stock had previously closed at $48.08.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 1.0%

The company has a market cap of $738.61 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The business has a 50-day simple moving average of $47.02 and a two-hundred day simple moving average of $45.42.

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

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

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% in the 4th quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock valued at $49,000 after buying an additional 816 shares during the last quarter. Royal Bank of Canada boosted its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 58.3% during the first quarter. Royal Bank of Canada now owns 9,440 shares of the company’s stock valued at $340,000 after acquiring an additional 3,476 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the second quarter valued at about $280,000. Petra Financial Advisors Inc. grew its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.6% in the second quarter. Petra Financial Advisors Inc. now owns 28,183 shares of the company’s stock valued at $1,188,000 after purchasing an additional 436 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 197.6% in the second quarter. Assetmark Inc. now owns 1,223 shares of the company’s stock worth $52,000 after purchasing an additional 812 shares during the period.

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.