SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Reaches New 1-Year High – Should You Buy?

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) reached a new 52-week high on Friday . The company traded as high as $53.15 and last traded at $53.12, with a volume of 9397 shares. The stock had previously closed at $52.88.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 0.1%

The company has a market capitalization of $821.85 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The stock has a fifty day moving average price of $49.15 and a two-hundred day moving average price of $47.55.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in SEIM. Morton Brown Family Wealth LLC purchased a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter valued at $44,000. Bank of America Corp DE grew 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 purchasing an additional 816 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter valued at $50,000. Assetmark Inc. grew its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% in the third quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock valued at $68,000 after purchasing an additional 284 shares during the period. Finally, Turning Point Benefit Group Inc. purchased a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the third quarter valued at $87,000.

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.