SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Hits New 12-Month High – What’s Next?

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.65 and last traded at $47.7230, with a volume of 50951 shares trading hands. The stock had previously closed at $48.08.

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

The stock has a market capitalization of $746.98 million, a P/E ratio of 29.16 and a beta of 1.09. The stock’s fifty day moving average price is $46.94 and its 200 day moving average price is $45.39.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 29th were given a dividend of $0.0628 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from SEI Enhanced U.S. Large Cap Momentum Factor ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Morton Brown Family Wealth LLC purchased a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 4th quarter worth $44,000. Bank of America Corp DE increased its stake 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 valued at $49,000 after buying an additional 816 shares during the period. Assetmark Inc. increased its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 197.6% during the second quarter. Assetmark Inc. now owns 1,223 shares of the company’s stock valued at $52,000 after buying an additional 812 shares during the period. Turning Point Benefit Group Inc. bought a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the third quarter valued at about $87,000. Finally, Larson Financial Group LLC purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the third quarter worth about $102,000.

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.