SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $55.73 and last traded at $55.73, with a volume of 338 shares traded. The stock had previously closed at $55.28.
SEI Enhanced U.S. Large Cap Momentum Factor ETF Price Performance
The stock has a market cap of $860.67 million, a P/E ratio of 29.16 and a beta of 1.09. The stock’s 50-day moving average is $52.31 and its two-hundred day moving average is $48.84.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in SEIM. Bank of America Corp DE increased its position 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. Royal Bank of Canada lifted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 58.3% during the 1st quarter. Royal Bank of Canada now owns 9,440 shares of the company’s stock worth $340,000 after acquiring an additional 3,476 shares during the period. NewEdge Advisors LLC boosted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.8% in the second quarter. NewEdge Advisors LLC now owns 43,268 shares of the company’s stock valued at $1,824,000 after buying an additional 765 shares during the last quarter. Binnacle Investments Inc increased its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 66.2% in the second quarter. Binnacle Investments Inc now owns 6,357 shares of the company’s stock worth $268,000 after acquiring an additional 2,533 shares during the period. Finally, Assetmark Inc. raised its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% during the 3rd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock valued at $68,000 after buying an additional 284 shares during the last quarter.
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.
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