StoneCrest Wealth Management Inc. Takes $9.65 Million Position in SEI Enhanced U.S. Large Cap Value Factor ETF $SEIV

StoneCrest Wealth Management Inc. purchased a new stake in SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 200,953 shares of the company’s stock, valued at approximately $9,646,000. SEI Enhanced U.S. Large Cap Value Factor ETF comprises about 3.1% of StoneCrest Wealth Management Inc.’s holdings, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SEIV. Sonoma Allocations LLC bought a new stake in SEI Enhanced U.S. Large Cap Value Factor ETF during the 1st quarter worth about $636,000. Royal Bank of Canada boosted its stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 4.3% in 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 last quarter. Sei Investments Co. boosted its stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 1.2% in the 1st quarter. Sei Investments Co. now owns 14,939,112 shares of the company’s stock valued at $620,870,000 after purchasing an additional 184,033 shares during the last quarter. Cetera Investment Advisers grew its position in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 42.5% during the 1st quarter. Cetera Investment Advisers now owns 7,828 shares of the company’s stock worth $325,000 after buying an additional 2,336 shares during the period. Finally, Aire Advisors LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Value Factor ETF during the 1st quarter worth approximately $200,000.

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

SEIV opened at $50.61 on Monday. The firm has a 50 day simple moving average of $48.47 and a 200 day simple moving average of $45.11. SEI Enhanced U.S. Large Cap Value Factor ETF has a fifty-two week low of $36.18 and a fifty-two week high of $50.82. The company has a market cap of $885.67 million, a price-to-earnings ratio of 13.06 and a beta of 1.03.

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

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.