SEI QiM U.S. Large Cap Momentum Active ETF (SEIM)
SEI QiM U.S. Large Cap Momentum Active ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Oaks, PA, US. The stock last traded at $55.41, up 1.42% on the session, giving a market capitalisation of $926.4M. Its beta of 1.08 implies it has historically moved more than the broad market.
SEIM actively manages a portfolio of equity and equity-related securities, issued by large-cap companies in the US that display a relatively strong recent performance or momentum. The fund provides an efficient way to focus on momentum investing, a trend-following investment strategy, wherein it acquires stocks or other securities having recent high returns and improvements in their price, earnings or other relevant fundamentals. The selection process involves 1) a quantitative model and rules-based screening process, which evaluates potential constituents based on several factors such as historical share price performance, earnings and profitability trends, unanticipated financial results, and changes to analyst outlooks, and 2) an optimization process to ensure high primary exposure to superior momentum stocks. SEIM launched as a part of SEIs first equity ETF offering, the Factor ETF suite.
SEI QiM U.S. Large Cap Momentum Active ETF is most often compared with the following Financial Services names: