SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Trading Up 18.5% – Time to Buy?

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) rose 18.5% during mid-day trading on Tuesday . The stock traded as high as $39.7296 and last traded at $46.2110. Approximately 110,725 shares traded hands during mid-day trading, an increase of 130% from the average daily volume of 48,112 shares. The stock had previously closed at $39.01.

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

The firm’s 50-day moving average price is $45.35 and its 200 day moving average price is $43.53. The firm has a market capitalization of $717.66 million, a price-to-earnings ratio of 29.16 and a beta of 1.09.

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

The business also recently announced a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Friday, October 3rd were issued a dividend of $0.0592 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, October 3rd.

Hedge Funds Weigh In On SEI Enhanced U.S. Large Cap Momentum Factor ETF

A number of institutional investors have recently made changes to their positions in SEIM. Bank of America Corp DE lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% in the fourth quarter. Bank of America Corp DE now owns 1,260 shares of the company’s stock valued at $49,000 after acquiring an additional 816 shares in the last quarter. Cetera Investment Advisers raised its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 7.7% in the 1st quarter. Cetera Investment Advisers now owns 13,501 shares of the company’s stock valued at $487,000 after purchasing an additional 965 shares during the last quarter. WPG Advisers LLC acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 1st quarter valued at about $147,000. Calton & Associates Inc. purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 1st quarter valued at about $513,000. Finally, Royal Bank of Canada boosted its stake in shares of 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 purchasing an additional 3,476 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.