Stratos Wealth Partners LTD. Invests $798,000 in SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Stratos Wealth Partners LTD. acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,586 shares of the company’s stock, valued at approximately $798,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SEIM. LexAurum Advisors LLC lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 21.7% in the third quarter. LexAurum Advisors LLC now owns 6,426 shares of the company’s stock worth $292,000 after acquiring an additional 1,144 shares during the last quarter. MONECO Advisors LLC acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter worth approximately $206,000. Envestnet Asset Management Inc. lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 268,953 shares of the company’s stock valued at $12,210,000 after purchasing an additional 36,097 shares during the last quarter. Cahill Financial Advisors Inc. boosted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 16.4% in the third quarter. Cahill Financial Advisors Inc. now owns 52,757 shares of the company’s stock valued at $2,395,000 after buying an additional 7,430 shares in the last quarter. Finally, Truist Financial Corp boosted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.3% in the third quarter. Truist Financial Corp now owns 254,388 shares of the company’s stock valued at $11,549,000 after buying an additional 33,696 shares in the last quarter.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Performance

Shares of BATS:SEIM opened at $47.56 on Tuesday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 52-week low of $30.96 and a 52-week high of $48.65. The company has a market capitalization of $738.61 million, a PE ratio of 29.16 and a beta of 1.09. The company has a fifty day moving average of $47.08 and a 200-day moving average of $45.52.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were issued a $0.0628 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend 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.

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.