Summit Wealth Group LLC Co. Acquires 319,353 Shares of SEI Select Emerging Markets Equity ETF $SEEM

Summit Wealth Group LLC Co. raised its holdings in shares of SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) by 30.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,378,478 shares of the company’s stock after acquiring an additional 319,353 shares during the quarter. SEI Select Emerging Markets Equity ETF makes up about 3.4% of Summit Wealth Group LLC Co.’s investment portfolio, making the stock its 6th biggest position. Summit Wealth Group LLC Co. owned about 7.74% of SEI Select Emerging Markets Equity ETF worth $53,454,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Foundry Financial Group Inc. boosted its stake in shares of SEI Select Emerging Markets Equity ETF by 11.0% in the third quarter. Foundry Financial Group Inc. now owns 13,253 shares of the company’s stock worth $514,000 after acquiring an additional 1,309 shares during the period. Farther Finance Advisors LLC bought a new stake in SEI Select Emerging Markets Equity ETF during the 3rd quarter valued at approximately $32,000. Citadel Advisors LLC bought a new stake in SEI Select Emerging Markets Equity ETF during the 2nd quarter valued at approximately $264,000. Finally, Sei Investments Co. lifted its holdings in SEI Select Emerging Markets Equity ETF by 514.4% in the 1st quarter. Sei Investments Co. now owns 206,916 shares of the company’s stock worth $6,776,000 after purchasing an additional 173,241 shares in the last quarter.

SEI Select Emerging Markets Equity ETF Price Performance

SEEM stock opened at $35.37 on Tuesday. SEI Select Emerging Markets Equity ETF has a 1-year low of $29.66 and a 1-year high of $41.79. The company has a market capitalization of $629.59 million, a price-to-earnings ratio of 11.47 and a beta of 0.82. The business has a 50 day simple moving average of $38.33 and a two-hundred day simple moving average of $37.06.

SEI Select Emerging Markets Equity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Monday, October 5th were given a dividend of $0.1676 per share. The ex-dividend date was Monday, October 5th. This is a decrease from SEI Select Emerging Markets Equity ETF’s previous quarterly dividend of $0.2911. This represents a $0.67 annualized dividend and a dividend yield of 1.9%.

About SEI Select Emerging Markets Equity ETF

The SEI Select Emerging Markets Equity ETF (SEEM) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking capital appreciation through investments in companies from emerging markets. The selection process integrates the advisers proprietary quantitative model with recommendations from one or more sub-advisers. SEEM was launched on Oct 10, 2024 and is issued by SEI.