SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM is K2 Financial Inc.’s 7th Largest Position

K2 Financial Inc. boosted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 22.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,371 shares of the company’s stock after purchasing an additional 19,445 shares during the period. SEI Enhanced U.S. Large Cap Momentum Factor ETF comprises approximately 3.8% of K2 Financial Inc.’s investment portfolio, making the stock its 7th biggest holding. K2 Financial Inc. owned approximately 0.67% of SEI Enhanced U.S. Large Cap Momentum Factor ETF worth $4,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Assetmark Inc. raised its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 197.6% during the 2nd quarter. Assetmark Inc. now owns 1,223 shares of the company’s stock valued at $52,000 after buying an additional 812 shares during the last quarter. Bank of America Corp DE grew its holdings in 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 during the period. WPG Advisers LLC purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the first quarter valued at approximately $147,000. Ascent Group LLC acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the second quarter valued at approximately $204,000. Finally, Accurate Wealth Management LLC acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the second quarter valued at approximately $222,000.

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

Shares of BATS SEIM opened at $47.03 on Friday. The stock has a market capitalization of $730.39 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 12 month low of $30.22 and a 12 month high of $42.91. The firm’s 50 day simple moving average is $45.67 and its 200-day simple moving average is $44.05.

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

The company also recently declared a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Friday, October 3rd were given a dividend of $0.0592 per share. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, October 3rd.

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.