SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Trading 0.4% Higher – What’s Next?

Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) shot up 0.4% during mid-day trading on Thursday . The company traded as high as $55.87 and last traded at $55.63. Approximately 70,009 shares were traded during trading, a decline of 19% from the average session volume of 86,488 shares. The stock had previously closed at $55.40.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Up 0.4%

The stock has a market capitalization of $863.93 million, a PE ratio of 29.16 and a beta of 1.09. The business’s 50-day moving average is $54.12 and its two-hundred day moving average is $50.88.

Institutional Investors Weigh In On SEI Enhanced U.S. Large Cap Momentum Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Morton Brown Family Wealth LLC bought a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter worth $44,000. Bank of America Corp DE raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 183.8% during the fourth 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. Kestra Advisory Services LLC acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter valued at approximately $50,000. Turning Point Benefit Group Inc. bought a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter worth about $87,000. Finally, Larson Financial Group LLC acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 3rd quarter valued at $102,000.

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.