SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Stock Price Down 0.6% – Here’s Why

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

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 0.5 %

The company’s 50-day moving average is $39.17 and its 200-day moving average is $36.02. The stock has a market capitalization of $562.60 million, a price-to-earnings ratio of 28.31 and a beta of 1.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stewardship Advisors LLC acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF during the third quarter worth about $396,000. Lynx Investment Advisory grew its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 4.3% during the 3rd quarter. Lynx Investment Advisory now owns 15,547 shares of the company’s stock worth $562,000 after acquiring an additional 645 shares in the last quarter. Petra Financial Advisors Inc. increased its position in shares of 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 purchasing an additional 437 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 2nd quarter valued at $1,326,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 4.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 40,609 shares of the company’s stock worth $1,348,000 after purchasing an additional 1,682 shares during the last quarter.

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.