SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Trading 0.4% Higher – Time to Buy?

Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIMGet Free Report) traded up 0.4% during trading on Thursday . The stock traded as high as $55.87 and last traded at $55.63. 70,009 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 86,488 shares. The stock had previously closed at $55.40.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Up 0.4%

The stock has a fifty day moving average of $54.12 and a two-hundred day moving average of $50.88. The stock has a market capitalization of $863.93 million, a price-to-earnings ratio of 29.16 and a beta of 1.09.

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

Several institutional investors have recently modified their holdings of SEIM. Morton Brown Family Wealth LLC bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter valued at about $44,000. Bank of America Corp DE raised its holdings in shares of 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. Kestra Advisory Services LLC bought a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 4th quarter valued at $50,000. Turning Point Benefit Group Inc. bought a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 3rd quarter valued at $87,000. Finally, Larson Financial Group LLC acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the third quarter worth about $102,000.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Company Profile

(Get Free Report)

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.

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