Sei Investments Co. Purchases 2,415,116 Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Sei Investments Co. lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 22.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,151,647 shares of the company’s stock after buying an additional 2,415,116 shares during the quarter. SEI Enhanced U.S. Large Cap Momentum Factor ETF comprises 0.6% of Sei Investments Co.’s holdings, making the stock its 22nd biggest position. Sei Investments Co. owned 0.85% of SEI Enhanced U.S. Large Cap Momentum Factor ETF worth $597,089,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SEIM. Bank of America Corp DE increased its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% during the fourth quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock worth $49,000 after acquiring an additional 816 shares during the period. Assetmark Inc. raised its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% in the 3rd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock worth $68,000 after purchasing an additional 284 shares in the last quarter. MONECO Advisors LLC bought a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 3rd quarter valued at about $206,000. WPG Advisers LLC grew its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 19.1% during the 3rd quarter. WPG Advisers LLC now owns 4,678 shares of the company’s stock worth $212,000 after purchasing an additional 751 shares in the last quarter. Finally, Binnacle Investments Inc grew its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 66.2% during the 2nd quarter. Binnacle Investments Inc now owns 6,357 shares of the company’s stock worth $268,000 after purchasing an additional 2,533 shares in the last quarter.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Down 1.7%

Shares of SEIM opened at $46.34 on Friday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 12 month low of $30.96 and a 12 month high of $48.94. The firm’s 50 day moving average is $47.59 and its 200-day moving average is $46.04. The stock has a market capitalization of $719.66 million, a PE ratio of 29.16 and a beta of 1.09.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 29th were given a dividend of $0.0628 per share. 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%. The ex-dividend date of this dividend was Monday, December 29th.

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