Principal Securities Inc. Raises Position in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)

Principal Securities Inc. increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 11.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,394 shares of the company’s stock after buying an additional 1,105 shares during the period. Principal Securities Inc. owned 0.07% of SEI Enhanced U.S. Large Cap Momentum Factor ETF worth $401,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter worth about $1,136,000. Stratos Wealth Partners LTD. purchased a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter worth about $1,099,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 12.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 64,086 shares of the company’s stock valued at $2,315,000 after purchasing an additional 7,098 shares during the last quarter. Stewardship Advisors LLC lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 11.4% during the fourth quarter. Stewardship Advisors LLC now owns 12,207 shares of the company’s stock valued at $471,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Lynx Investment Advisory lifted its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 4.3% during the third quarter. Lynx Investment Advisory now owns 15,547 shares of the company’s stock valued at $562,000 after purchasing an additional 645 shares during the last quarter.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Stock Up 1.1 %

SEIM stock opened at $39.45 on Friday. The firm’s 50-day simple moving average is $39.88 and its 200 day simple moving average is $37.77. The stock has a market capitalization of $543.62 million, a price-to-earnings ratio of 27.41 and a beta of 1.05.

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.