Stratos Wealth Partners LTD. Invests $798,000 in SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Stratos Wealth Partners LTD. purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,586 shares of the company’s stock, valued at approximately $798,000. Stratos Wealth Partners LTD. owned approximately 0.11% of SEI Enhanced U.S. Large Cap Momentum Factor ETF at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SEIM. LexAurum Advisors LLC raised its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 21.7% in the 3rd quarter. LexAurum Advisors LLC now owns 6,426 shares of the company’s stock valued at $292,000 after acquiring an additional 1,144 shares in the last quarter. MONECO Advisors LLC bought a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the third quarter worth $206,000. Envestnet Asset Management Inc. raised its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.5% in the third quarter. Envestnet Asset Management Inc. now owns 268,953 shares of the company’s stock valued at $12,210,000 after purchasing an additional 36,097 shares in the last quarter. Cahill Financial Advisors Inc. raised its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 16.4% in the third quarter. Cahill Financial Advisors Inc. now owns 52,757 shares of the company’s stock valued at $2,395,000 after purchasing an additional 7,430 shares in the last quarter. Finally, Truist Financial Corp lifted its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.3% during the third quarter. Truist Financial Corp now owns 254,388 shares of the company’s stock worth $11,549,000 after purchasing an additional 33,696 shares during the period.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 1.0%

Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF stock opened at $47.56 on Tuesday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 12-month low of $30.96 and a 12-month high of $48.65. The company has a market capitalization of $738.61 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The firm’s 50-day moving average price is $47.08 and its two-hundred day moving average price is $45.52.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 29th were paid a $0.0628 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.5%. This is a positive change 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.

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.