Envestnet Asset Management Inc. Increases Stock Position in SEI Enhanced U.S. Large Cap Momentum Factor ETF $SEIM

Envestnet Asset Management Inc. boosted its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 15.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,953 shares of the company’s stock after purchasing an additional 36,097 shares during the period. Envestnet Asset Management Inc. owned approximately 1.73% of SEI Enhanced U.S. Large Cap Momentum Factor ETF worth $12,210,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SEIM. Exencial Wealth Advisors LLC increased its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 31.1% during the third quarter. Exencial Wealth Advisors LLC now owns 52,272 shares of the company’s stock worth $2,373,000 after acquiring an additional 12,395 shares during the last quarter. K2 Financial Inc. grew its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 22.9% during the 3rd quarter. K2 Financial Inc. now owns 104,371 shares of the company’s stock valued at $4,679,000 after purchasing an additional 19,445 shares in the last quarter. Sei Investments Co. increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 1.0% during the 2nd quarter. Sei Investments Co. now owns 10,736,531 shares of the company’s stock worth $452,652,000 after purchasing an additional 102,597 shares during the last quarter. Meriwether Wealth & Planning LLC increased its holdings in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 80.2% during the 3rd quarter. Meriwether Wealth & Planning LLC now owns 26,145 shares of the company’s stock worth $1,187,000 after purchasing an additional 11,636 shares during the last quarter. Finally, Merit Financial Group LLC raised its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 27.8% in the 3rd quarter. Merit Financial Group LLC now owns 92,403 shares of the company’s stock valued at $4,195,000 after purchasing an additional 20,077 shares in the last quarter.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Trading Down 0.2%

SEI Enhanced U.S. Large Cap Momentum Factor ETF stock opened at $47.48 on Wednesday. SEI Enhanced U.S. Large Cap Momentum Factor ETF has a 52 week low of $30.96 and a 52 week high of $48.65. The stock has a market cap of $737.36 million, a P/E ratio of 29.16 and a beta of 1.09. The stock has a 50 day moving average of $47.11 and a 200-day moving average of $45.56.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were paid a dividend of $0.0628 per share. This is a positive change from SEI Enhanced U.S. Large Cap Momentum Factor ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, December 29th. This represents a $0.25 dividend on an annualized basis and a yield of 0.5%.

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.