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SEI Launches Three Active ETFs
PRNewswire (Thu, 10-Oct 12:00 PM ET)
The Fund will invest primarily in equity securities of issuers of all capitalization ranges that are located in at least three countries other than the U.S. It is expected that at least 40% of the Fund's assets will be invested outside the U.S. The Fund will invest primarily in companies located in developed countries, but may also invest in companies located in emerging markets. The Fund will utilize an integrated management approach where SEI Investments Management Corporation (SIMC or the Adviser) will combine its own proprietary quantitative-based, active stock portfolio, with model portfolios from one or more Sub-Advisers to construct the Fund's portfolio. SIMC's quantitative model evaluates all of the securities in the investment universe of international issuers based on certain characteristics (Factors) that are determined by the Adviser, such as Value, Momentum, Quality and Low Volatility. The Adviser uses its own judgment and model-based systems to assess which Factors to use and to determine what portion of the Fund's assets should be invested in each security identified.
Sei Select International Equity ETF trades on the NASDAQ stock market under the symbol SEIE.
As of December 13, 2024, SEIE stock price declined to $24.50 with 23,109 million shares trading.
SEIE has a market cap of $513.99 million. This is considered a Small Cap stock.
SEIE support price is $24.34 and resistance is $24.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SEIE shares will trade within this expected range on the day.