SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $51.52 and traded as low as $50.35. SEI Enhanced U.S. Large Cap Momentum Factor ETF shares last traded at $50.87, with a volume of 69,483 shares trading hands.

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

The company’s 50-day moving average price is $53.58 and its two-hundred day moving average price is $51.52. The company has a market capitalization of $790.01 million, a price-to-earnings ratio of 29.16 and a beta of 1.09.

Institutional Trading of SEI Enhanced U.S. Large Cap Momentum Factor ETF

A number of large investors have recently bought and sold shares of the business. Sei Investments Co. lifted its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.5% in the 1st quarter. Sei Investments Co. now owns 13,469,751 shares of the company’s stock valued at $613,549,000 after purchasing an additional 329,618 shares during the period. Summit Wealth Group LLC Co. increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 18.8% in the third quarter. Summit Wealth Group LLC Co. now owns 3,150,836 shares of the company’s stock worth $169,420,000 after purchasing an additional 497,603 shares in the last quarter. K2 Financial Inc. lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.8% in the first quarter. K2 Financial Inc. now owns 104,952 shares of the company’s stock valued at $4,781,000 after buying an additional 1,853 shares during the period. Meriwether Wealth & Planning LLC lifted its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.7% in the second quarter. Meriwether Wealth & Planning LLC now owns 55,153 shares of the company’s stock valued at $3,097,000 after buying an additional 7,495 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 51,900 shares of the company’s stock worth $2,364,000 after buying an additional 1,211 shares in the last quarter.

About SEI Enhanced U.S. Large Cap Momentum Factor ETF

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.