SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Reaches New 1-Year 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 Friday . The stock traded as high as $53.15 and last traded at $53.12, with a volume of 9397 shares. The stock had previously closed at $52.88.

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

The firm’s fifty day moving average price is $49.04 and its 200-day moving average price is $47.51. The company has a market capitalization of $825.26 million, a price-to-earnings ratio of 29.16 and a beta of 1.09.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Assetmark Inc. increased its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% during the third quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock worth $68,000 after buying an additional 284 shares in the last quarter. LPL Financial LLC increased its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.3% during the fourth quarter. LPL Financial LLC now owns 17,407 shares of the company’s stock worth $803,000 after buying an additional 388 shares in the last quarter. Stewardship Advisors LLC increased its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% during the fourth quarter. Stewardship Advisors LLC now owns 20,958 shares of the company’s stock worth $967,000 after buying an additional 500 shares in the last quarter. Binnacle Investments Inc increased its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 8.2% during the third quarter. Binnacle Investments Inc now owns 6,876 shares of the company’s stock worth $312,000 after buying an additional 519 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 5.4% in the first quarter. Royal Bank of Canada now owns 10,422 shares of the company’s stock valued at $475,000 after purchasing an additional 537 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.