SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) Hits New 1-Year High – Time to Buy?

SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $49.57 and last traded at $49.57, with a volume of 41246 shares. The stock had previously closed at $48.98.

SEI Enhanced U.S. Large Cap Value Factor ETF Stock Performance

The company has a market cap of $858.20 million, a P/E ratio of 13.06 and a beta of 1.03. The firm has a 50 day moving average price of $48.09 and a 200-day moving average price of $44.71.

Hedge Funds Weigh In On SEI Enhanced U.S. Large Cap Value Factor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independent Wealth Network Inc. lifted its position in SEI Enhanced U.S. Large Cap Value Factor ETF by 5.0% during the 1st quarter. Independent Wealth Network Inc. now owns 5,727 shares of the company’s stock worth $238,000 after acquiring an additional 275 shares during the last quarter. K2 Financial Inc. lifted its position in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 0.3% during the 1st quarter. K2 Financial Inc. now owns 116,567 shares of the company’s stock worth $5,129,000 after purchasing an additional 389 shares during the last quarter. Royal Bank of Canada boosted its stake in SEI Enhanced U.S. Large Cap Value Factor ETF by 4.3% during the 1st quarter. Royal Bank of Canada now owns 10,086 shares of the company’s stock valued at $419,000 after purchasing an additional 412 shares during the period. Petra Financial Advisors Inc. boosted its stake in SEI Enhanced U.S. Large Cap Value Factor ETF by 1.7% during the 4th quarter. Petra Financial Advisors Inc. now owns 36,063 shares of the company’s stock valued at $1,497,000 after purchasing an additional 608 shares during the period. Finally, Binnacle Investments Inc grew its holdings in SEI Enhanced U.S. Large Cap Value Factor ETF by 9.2% in the 3rd quarter. Binnacle Investments Inc now owns 7,989 shares of the company’s stock valued at $311,000 after buying an additional 673 shares during the last quarter.

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

The SEI Large Cap Value Factor ETF (SEIV) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks that are perceived to be at a discount relative to their fair valuation. SEIV was launched on May 18, 2022 and is managed by SEI.