SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Shares Down 0.6% – What’s Next?

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) shares were down 0.6% on Thursday . The company traded as low as $38.50 and last traded at $38.61. Approximately 14,245 shares traded hands during trading, The stock had previously closed at $38.86.

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

The stock’s 50-day moving average price is $39.21 and its 200-day moving average price is $36.05. The company has a market cap of $571.01 million, a P/E ratio of 28.31 and a beta of 1.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SEIM. Lynx Investment Advisory raised its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 4.3% in the third quarter. Lynx Investment Advisory now owns 15,547 shares of the company’s stock valued at $562,000 after purchasing an additional 645 shares in the last quarter. Petra Financial Advisors Inc. increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.4% in the 3rd quarter. Petra Financial Advisors Inc. now owns 31,318 shares of the company’s stock valued at $1,131,000 after buying an additional 437 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 12.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 64,086 shares of the company’s stock valued at $2,315,000 after buying an additional 7,098 shares in the last quarter. Stewardship Advisors LLC bought a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter worth approximately $396,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 2nd quarter worth approximately $1,326,000.

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

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.