Mercer Global Advisors Inc. ADV Invests $72,000 in Hyliion Holdings Corp. (NYSE:HYLN)

Mercer Global Advisors Inc. ADV bought a new position in shares of Hyliion Holdings Corp. (NYSE:HYLN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 27,587 shares of the company’s stock, valued at approximately $72,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Xponance Inc. acquired a new stake in shares of Hyliion during the 4th quarter worth about $29,000. Cibc World Markets Corp acquired a new position in Hyliion during the fourth quarter worth approximately $34,000. Aquatic Capital Management LLC acquired a new position in Hyliion during the fourth quarter worth approximately $42,000. Raymond James Financial Inc. acquired a new position in Hyliion during the fourth quarter worth approximately $43,000. Finally, AXQ Capital LP acquired a new position in Hyliion during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 22.81% of the company’s stock.

Hyliion Stock Down 4.8%

HYLN opened at $1.38 on Friday. The firm has a market cap of $241.25 million, a price-to-earnings ratio of -3.73 and a beta of 2.76. Hyliion Holdings Corp. has a 52 week low of $1.17 and a 52 week high of $4.10. The business’s 50 day moving average is $1.50 and its two-hundred day moving average is $2.16.

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