Sei Investments Co. Has $413.62 Million Stock Position in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)

Sei Investments Co. reduced its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,458,386 shares of the company’s stock after selling 170,561 shares during the period. SEI Enhanced U.S. Large Cap Momentum Factor ETF accounts for approximately 0.6% of Sei Investments Co.’s investment portfolio, making the stock its 26th largest holding. Sei Investments Co. owned approximately 85.92% of SEI Enhanced U.S. Large Cap Momentum Factor ETF worth $413,618,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 1st quarter worth $1,759,000. Csenge Advisory Group bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 1st quarter worth $1,162,000. Perigon Wealth Management LLC bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 1st quarter worth $1,036,000. Lynx Investment Advisory bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 2nd quarter worth $495,000. Finally, MONECO Advisors LLC bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 1st quarter worth $431,000.

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

BATS:SEIM opened at $35.60 on Friday. The company has a market cap of $516.20 million, a price-to-earnings ratio of 28.31 and a beta of 1.04. The business has a 50-day moving average of $33.60 and a two-hundred day moving average of $32.56.

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

The business also recently declared a dividend, which was paid on Tuesday, July 9th. Stockholders of record on Monday, July 8th were given a $0.0338 dividend. The ex-dividend date was Monday, July 8th.

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