Merit Financial Group LLC Buys 20,077 Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Merit Financial Group LLC lifted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 27.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 92,403 shares of the company’s stock after purchasing an additional 20,077 shares during the period. Merit Financial Group LLC owned 0.59% of SEI Enhanced U.S. Large Cap Momentum Factor ETF worth $4,195,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SEIM. Bank of America Corp DE grew its holdings 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 worth $49,000 after acquiring an additional 816 shares in the last quarter. Assetmark Inc. lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 197.6% in the 2nd quarter. Assetmark Inc. now owns 1,223 shares of the company’s stock worth $52,000 after purchasing an additional 812 shares during the period. Ascent Group LLC purchased a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 2nd quarter worth approximately $204,000. Accurate Wealth Management LLC bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the second quarter valued at approximately $222,000. Finally, LexAurum Advisors LLC purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the second quarter valued at approximately $223,000.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 18.4%

SEI Enhanced U.S. Large Cap Momentum Factor ETF stock opened at $46.18 on Friday. The firm has a market cap of $717.18 million, a P/E ratio of 29.16 and a beta of 1.09. The business has a fifty day moving average of $45.76 and a two-hundred day moving average of $44.22. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a twelve month low of $30.22 and a twelve month high of $42.91.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 29th were paid a dividend of $0.0628 per share. This is a boost from SEI Enhanced U.S. Large Cap Momentum Factor ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, December 29th. This represents a $0.25 annualized dividend and a dividend yield of 0.5%.

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.