SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) Sets New 52-Week High – Still a Buy?

SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $46.80 and last traded at $46.75, with a volume of 14413 shares changing hands. The stock had previously closed at $46.08.

SEI Enhanced U.S. Large Cap Value Factor ETF Trading Up 1.8%

The company has a market cap of $821.10 million, a PE ratio of 13.06 and a beta of 1.03. The business has a fifty day moving average of $43.25 and a 200-day moving average of $42.18.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Assetmark Inc. increased its holdings in SEI Enhanced U.S. Large Cap Value Factor ETF by 46.9% during the 3rd quarter. Assetmark Inc. now owns 1,009 shares of the company’s stock valued at $39,000 after purchasing an additional 322 shares during the period. Morton Brown Family Wealth LLC purchased a new stake in SEI Enhanced U.S. Large Cap Value Factor ETF in the fourth quarter worth about $46,000. Kestra Advisory Services LLC purchased a new stake in SEI Enhanced U.S. Large Cap Value Factor ETF in the fourth quarter worth about $50,000. Bank of America Corp DE lifted its holdings in SEI Enhanced U.S. Large Cap Value Factor ETF by 197.5% in the fourth quarter. Bank of America Corp DE now owns 1,410 shares of the company’s stock worth $47,000 after buying an additional 936 shares during the period. Finally, Turning Point Benefit Group Inc. purchased a new stake in SEI Enhanced U.S. Large Cap Value Factor ETF in the third quarter worth about $84,000.

About SEI Enhanced U.S. Large Cap Value Factor ETF

The SEI Large Cap Value Factor ETF (SEIV) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap stocks that are perceived to be at a discount relative to their fair valuation. SEIV was launched on May 18, 2022 and is managed by SEI.