SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) Hits New 1-Year High – Should You Buy?

SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $47.68 and last traded at $47.54, with a volume of 53229 shares. The stock had previously closed at $47.46.

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

The stock has a market cap of $848.93 million, a P/E ratio of 13.06 and a beta of 1.03. The firm’s fifty day moving average price is $43.96 and its 200-day moving average price is $42.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sonoma Allocations LLC bought a new position in shares of SEI Enhanced U.S. Large Cap Value Factor ETF in the first quarter worth approximately $636,000. Royal Bank of Canada grew its holdings in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 4.3% in the first quarter. Royal Bank of Canada now owns 10,086 shares of the company’s stock worth $419,000 after purchasing an additional 412 shares during the last quarter. Sei Investments Co. grew its holdings in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 1.2% in the first quarter. Sei Investments Co. now owns 14,939,112 shares of the company’s stock worth $620,870,000 after purchasing an additional 184,033 shares during the last quarter. Cetera Investment Advisers lifted its stake in SEI Enhanced U.S. Large Cap Value Factor ETF by 42.5% in the first quarter. Cetera Investment Advisers now owns 7,828 shares of the company’s stock worth $325,000 after acquiring an additional 2,336 shares during the period. Finally, Aire Advisors LLC purchased a new stake in SEI Enhanced U.S. Large Cap Value Factor ETF in the first quarter worth $200,000.

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.