Sei Investments Co. Buys 2,415,116 Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Sei Investments Co. increased its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 22.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,151,647 shares of the company’s stock after buying an additional 2,415,116 shares during the quarter. SEI Enhanced U.S. Large Cap Momentum Factor ETF makes up 0.6% of Sei Investments Co.’s holdings, making the stock its 22nd biggest position. Sei Investments Co. owned about 84.69% of SEI Enhanced U.S. Large Cap Momentum Factor ETF worth $597,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Petra Financial Advisors Inc. raised its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 9.0% during the third quarter. Petra Financial Advisors Inc. now owns 30,710 shares of the company’s stock worth $1,394,000 after acquiring an additional 2,527 shares in the last quarter. Calton & Associates Inc. acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the third quarter valued at $543,000. Assetmark Inc. grew its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 23.2% in the 3rd quarter. Assetmark Inc. now owns 1,507 shares of the company’s stock valued at $68,000 after acquiring an additional 284 shares during the period. Lynx Investment Advisory increased its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 20.6% during the 3rd quarter. Lynx Investment Advisory now owns 17,071 shares of the company’s stock worth $775,000 after purchasing an additional 2,914 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 3rd quarter worth about $798,000.

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

Shares of SEIM stock opened at $46.34 on Friday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 52-week low of $30.96 and a 52-week high of $48.94. The stock has a market cap of $719.66 million, a price-to-earnings ratio of 29.16 and a beta of 1.09. The firm’s 50-day moving average is $47.59 and its 200-day moving average is $46.04.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders 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 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.

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.