SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM Stock Position Raised by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. boosted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 18.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,150,836 shares of the company’s stock after acquiring an additional 497,603 shares during the period. SEI Enhanced U.S. Large Cap Momentum Factor ETF accounts for about 10.7% of Summit Wealth Group LLC Co.’s investment portfolio, making the stock its largest position. Summit Wealth Group LLC Co. owned about 20.29% of SEI Enhanced U.S. Large Cap Momentum Factor ETF worth $169,420,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SEIM. Sei Investments Co. boosted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.5% in the first quarter. Sei Investments Co. now owns 13,469,751 shares of the company’s stock worth $613,549,000 after purchasing an additional 329,618 shares during the period. K2 Financial Inc. increased its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.8% in the first quarter. K2 Financial Inc. now owns 104,952 shares of the company’s stock worth $4,781,000 after purchasing an additional 1,853 shares in the last quarter. Meriwether Wealth & Planning LLC raised its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.7% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 55,153 shares of the company’s stock valued at $3,097,000 after purchasing an additional 7,495 shares during the period. NewEdge Advisors LLC raised its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 51,900 shares of the company’s stock valued at $2,364,000 after purchasing an additional 1,211 shares during the period. Finally, Independent Wealth Network Inc. raised its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 35.2% during the 3rd quarter. Independent Wealth Network Inc. now owns 30,395 shares of the company’s stock valued at $1,634,000 after purchasing an additional 7,921 shares during the period.

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

SEIM opened at $50.24 on Tuesday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a fifty-two week low of $42.86 and a fifty-two week high of $56.23. The firm’s fifty day moving average is $53.50 and its 200 day moving average is $51.53. The stock has a market cap of $780.23 million, a price-to-earnings ratio of 29.16 and a beta of 1.09.

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