SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV) Trading 25.3% Higher – Still a Buy?

SEI Enhanced U.S. Large Cap Value Factor ETF (BATS:SEIV)’s stock price rose 25.3% during trading on Tuesday . The stock traded as high as $32.41 and last traded at $40.90. Approximately 23,828 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 42,041 shares. The stock had previously closed at $32.63.

SEI Enhanced U.S. Large Cap Value Factor ETF Stock Up 25.3%

The stock has a 50 day simple moving average of $39.52 and a 200 day simple moving average of $37.52. The company has a market cap of $715.75 million, a price-to-earnings ratio of 13.06 and a beta of 1.03.

SEI Enhanced U.S. Large Cap Value Factor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Friday, October 3rd were given a dividend of $0.1348 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.54 annualized dividend and a yield of 1.3%.

Institutional Trading of SEI Enhanced U.S. Large Cap Value Factor ETF

Large investors have recently bought and sold shares of the company. Sei Investments Co. lifted its position in shares of SEI Enhanced U.S. Large Cap Value Factor ETF by 21.8% during the third quarter. Sei Investments Co. now owns 15,098,907 shares of the company’s stock worth $587,350,000 after purchasing an additional 2,704,534 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in SEI Enhanced U.S. Large Cap Value Factor ETF by 18.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 317,748 shares of the company’s stock valued at $12,360,000 after purchasing an additional 48,799 shares in the last quarter. Truist Financial Corp increased its stake in SEI Enhanced U.S. Large Cap Value Factor ETF by 18.2% during the 3rd quarter. Truist Financial Corp now owns 296,435 shares of the company’s stock worth $11,531,000 after buying an additional 45,698 shares during the period. S&T Bank PA increased its stake in SEI Enhanced U.S. Large Cap Value Factor ETF by 1,704.1% during the 2nd quarter. S&T Bank PA now owns 205,051 shares of the company’s stock worth $7,318,000 after buying an additional 193,685 shares during the period. Finally, K2 Financial Inc. lifted its holdings in SEI Enhanced U.S. Large Cap Value Factor ETF by 22.3% in the 3rd quarter. K2 Financial Inc. now owns 119,877 shares of the company’s stock worth $4,582,000 after buying an additional 21,883 shares in the last quarter.

SEI Enhanced U.S. Large Cap Value Factor ETF Company Profile

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.