Mercer Global Advisors Inc. ADV Takes Position in AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of AB US Large Cap Strategic Equities ETF (NYSEARCA:LRGC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 434,361 shares of the company’s stock, valued at approximately $27,634,000. Mercer Global Advisors Inc. ADV owned approximately 25.55% of AB US Large Cap Strategic Equities ETF as of its most recent SEC filing.

Separately, Quantum Private Wealth LLC purchased a new stake in AB US Large Cap Strategic Equities ETF in the second quarter valued at approximately $758,000.

AB US Large Cap Strategic Equities ETF Stock Down 0.3 %

Shares of NYSEARCA LRGC opened at $65.03 on Thursday. AB US Large Cap Strategic Equities ETF has a 52 week low of $46.87 and a 52 week high of $65.53. The business’s 50 day moving average price is $63.68 and its 200 day moving average price is $62.00. The firm has a market cap of $110.55 million, a P/E ratio of 24.23 and a beta of 1.05.

About AB US Large Cap Strategic Equities ETF

The AB US Large Cap Strategic Equities ETF (LRGC) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap US companies. Its stock selection process combines fundamental and quantitative research to identify opportunities while managing risk.