Independent Wealth Network Inc. Increases Stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Independent Wealth Network Inc. raised its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 316.4% in the 1st quarter, Holdings Channel reports. The fund owned 20,226 shares of the company’s stock after acquiring an additional 15,369 shares during the period. Independent Wealth Network Inc.’s holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF were worth $921,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morton Brown Family Wealth LLC acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the fourth quarter worth about $44,000. Bank of America Corp DE lifted its position in 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 acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter valued at about $50,000. Turning Point Benefit Group Inc. purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 3rd quarter valued at approximately $87,000. Finally, Larson Financial Group LLC purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 3rd quarter valued at approximately $102,000.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Up 1.5%

BATS SEIM opened at $55.27 on Friday. The business’s 50 day moving average is $52.78 and its two-hundred day moving average is $49.10. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 12-month low of $40.90 and a 12-month high of $55.73. The stock has a market capitalization of $858.34 million, a price-to-earnings ratio of 29.16 and a beta of 1.09.

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.