Envestnet Asset Management Inc. Sells 18,462 Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)

Envestnet Asset Management Inc. lessened its position in SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 7.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 236,608 shares of the company’s stock after selling 18,462 shares during the period. Envestnet Asset Management Inc. owned about 1.60% of SEI Enhanced U.S. Large Cap Momentum Factor ETF worth $8,532,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Merit Financial Group LLC purchased a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the first quarter valued at $2,513,000. K2 Financial Inc. raised its holdings in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 12.8% in the first quarter. K2 Financial Inc. now owns 87,885 shares of the company’s stock valued at $2,904,000 after acquiring an additional 10,005 shares in the last quarter. Meriwether Wealth & Planning LLC raised its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 15.9% in the first quarter. Meriwether Wealth & Planning LLC now owns 67,612 shares of the company’s stock worth $2,438,000 after purchasing an additional 9,291 shares in the last quarter. Mariner LLC bought a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the fourth quarter worth about $279,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 6.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 68,729 shares of the company’s stock worth $2,478,000 after acquiring an additional 4,111 shares during the last quarter.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Up 9.4%

Shares of BATS:SEIM opened at $42.67 on Tuesday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 12-month low of $30.22 and a 12-month high of $42.91. The company has a market capitalization of $662.60 million, a PE ratio of 29.16 and a beta of 1.09. The business has a 50 day moving average of $40.68 and a two-hundred day moving average of $38.70.

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.