Envestnet Asset Management Inc. Sells 4,108 Shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM)

Envestnet Asset Management Inc. cut its stake in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF (BATS:SEIM) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 288,987 shares of the company’s stock after selling 4,108 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.99% of SEI Enhanced U.S. Large Cap Momentum Factor ETF worth $9,594,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of SEI Enhanced U.S. Large Cap Momentum Factor ETF in the 1st quarter worth approximately $1,759,000. MONECO Advisors LLC acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the first quarter valued at $431,000. Perigon Wealth Management LLC acquired a new position in SEI Enhanced U.S. Large Cap Momentum Factor ETF in the first quarter valued at $1,036,000. Csenge Advisory Group bought a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the first quarter valued at $1,162,000. Finally, Sei Investments Co. acquired a new stake in SEI Enhanced U.S. Large Cap Momentum Factor ETF during the 1st quarter worth about $405,910,000.

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

SEIM stock opened at $35.84 on Friday. The company has a market cap of $519.68 million, a price-to-earnings ratio of 28.31 and a beta of 1.04. The stock has a fifty day simple moving average of $33.83 and a 200-day simple moving average of $32.71.

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

The firm also recently declared a dividend, which was paid on Tuesday, July 9th. Shareholders of record on Monday, July 8th were issued a dividend of $0.0338 per share. The ex-dividend date of this dividend was Monday, July 8th.

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.