Merit Financial Group LLC Takes $390,000 Position in SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM)

Merit Financial Group LLC purchased a new stake in shares of SEI Select Emerging Markets Equity ETF (NASDAQ:SEEM) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,734 shares of the company’s stock, valued at approximately $390,000. Merit Financial Group LLC owned about 0.19% of SEI Select Emerging Markets Equity ETF at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. acquired a new position in SEI Select Emerging Markets Equity ETF in the fourth quarter valued at approximately $38,000. NewEdge Advisors LLC acquired a new position in SEI Select Emerging Markets Equity ETF in the fourth quarter valued at approximately $53,000. Petra Financial Advisors Inc. acquired a new position in SEI Select Emerging Markets Equity ETF in the fourth quarter valued at approximately $282,000. Diversified Enterprises LLC acquired a new position in SEI Select Emerging Markets Equity ETF in the fourth quarter valued at approximately $326,000. Finally, Lynx Investment Advisory acquired a new position in SEI Select Emerging Markets Equity ETF in the fourth quarter valued at approximately $369,000.

SEI Select Emerging Markets Equity ETF Price Performance

Shares of NASDAQ SEEM opened at $27.13 on Thursday. The company’s 50 day simple moving average is $24.99 and its 200 day simple moving average is $24.45. SEI Select Emerging Markets Equity ETF has a fifty-two week low of $21.28 and a fifty-two week high of $27.17. The firm has a market capitalization of $240.10 million and a P/E ratio of 11.29.

SEI Select Emerging Markets Equity ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, April 3rd were issued a $0.1445 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.58 annualized dividend and a yield of 2.13%.

SEI Select Emerging Markets Equity ETF Company Profile

The SEI Select Emerging Markets Equity ETF (SEEM) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking capital appreciation through investments in companies from emerging markets. The selection process integrates the advisers proprietary quantitative model with recommendations from one or more sub-advisers.