SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) Shares Pass Above 200 Day Moving Average – Should You Sell?

SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $35.22 and traded as high as $40.40. SEI Enhanced U.S. Large Cap Momentum Factor ETF shares last traded at $40.08, with a volume of 36,152 shares changing hands.

SEI Enhanced U.S. Large Cap Momentum Factor ETF Price Performance

The stock has a market cap of $581.16 million, a price-to-earnings ratio of 28.31 and a beta of 1.04. The firm has a 50 day simple moving average of $38.25 and a two-hundred day simple moving average of $35.22.

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

Hedge funds have recently modified their holdings of the company. Stewardship Advisors LLC acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the third quarter worth $396,000. Lynx Investment Advisory increased its position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF by 4.3% in the 3rd quarter. Lynx Investment Advisory now owns 15,547 shares of the company’s stock valued at $562,000 after buying an additional 645 shares in the last quarter. Petra Financial Advisors Inc. raised its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 67.9% during the 2nd quarter. Petra Financial Advisors Inc. now owns 30,881 shares of the company’s stock worth $1,025,000 after buying an additional 12,487 shares during the period. NewEdge Advisors LLC bought a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the second quarter worth about $1,326,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF by 4.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 40,609 shares of the company’s stock valued at $1,348,000 after acquiring an additional 1,682 shares during the period.

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.