Wealth Enhancement Advisory Services LLC Has $4.25 Million Position in SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Wealth Enhancement Advisory Services LLC raised its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 31.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,248 shares of the company’s stock after purchasing an additional 22,373 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.61% of SEI Enhanced U.S. Large Cap Momentum Factor ETF worth $4,254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Exencial Wealth Advisors LLC lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 31.1% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 52,272 shares of the company’s stock worth $2,373,000 after purchasing an additional 12,395 shares in the last quarter. K2 Financial Inc. grew its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 22.9% during the third quarter. K2 Financial Inc. now owns 104,371 shares of the company’s stock valued at $4,679,000 after buying an additional 19,445 shares during the last quarter. Sei Investments Co. increased its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.0% during the second quarter. Sei Investments Co. now owns 10,736,531 shares of the company’s stock worth $452,652,000 after acquiring an additional 102,597 shares in the last quarter. Merit Financial Group LLC increased its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 27.8% during the third quarter. Merit Financial Group LLC now owns 92,403 shares of the company’s stock worth $4,195,000 after acquiring an additional 20,077 shares in the last quarter. Finally, Meriwether Wealth & Planning LLC raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 80.2% in the 3rd quarter. Meriwether Wealth & Planning LLC now owns 26,145 shares of the company’s stock worth $1,187,000 after acquiring an additional 11,636 shares during the last quarter.

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

SEIM stock opened at $47.69 on Tuesday. The company has a market capitalization of $740.55 million, a P/E ratio of 29.16 and a beta of 1.09. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 52-week low of $30.22 and a 52-week high of $42.91. The business has a 50-day simple moving average of $46.31 and a two-hundred day simple moving average of $45.00.

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

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